January 30th, 2015: CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT Group”) is pleased to announce that its wholly-owned subsidiary, Global Education City Holdings Inc. (“GEC”), has partnered with an investor to jointly acquire Viva Suites Hotel (“Viva”), located at 1311 Howe Street, Vancouver, BC, through a limited partnership. This 17-storey long-stay luxury hotel is located in downtown Vancouver, where over 150 schools ranging from high schools to universities, career colleges and language schools are located.
GEC plans to convert this luxury hotel into an education and technology worker-centric serviced apartments and long-stay hotel. Post-renovation, the building will accommodate up to 230 beds fully equipped with ensuite kitchens, fitness centre, electronic library, TV lounge, and free shuttle bus service to major intersections of downtown Vancouver during morning rush hour and after-school pickup. In addition, all standard services pioneered by CIBT Group such as international student airport landing service, private tutoring, daily hot meal service, weekend excursion activities, IT support, academic counselling, and shuttle bus service will be available at Viva, along with other services.
“Viva Suites Hotel is fully operational at this time and available for immediate occupancy,” commented by Toby Chu, President and Chief Executive Officer, Vice Chairman of CIBT Group. “We expect that the conversion time for selected suites will take six months, in time for the 2015 September enrollment so that international students can check in after their summer holiday.”
About Viva Suites Hotel & Viva Tower:
Located at the corner of Howe and Drake streets in downtown Vancouver, Viva Suites Hotel is currently a multi-functional building made up of commercial retail, office and fully furnished residential suites available for daily, weekly, monthly or yearly rental.
The Viva Suites’ residents enjoy views of North Vancouver’s mountain peaks in the backdrop and False Creek’s marinas below in Downtown Vancouver. On top of the convenience to reach over 150 schools in Downtown within a 10-minute radius, the centralized location also exposes its residents to Vancouver’s fine dining and entertainment. The luxuriously furnished suites match the class of the hotel, the comfort of home, and the convenience of a dormitory with glass showers and soaking tubs, granite floors and marble countertops, and a full kitchen and laundry appliances.
As general amenities, Viva Suites offers a 1,100 sq. ft. weight room, fully-equipped lounges, weekly housekeeping, and secured underground parking. Furthermore, a complete Viva Tower Business Centre is offered to cater to all academic and business needs – fax, print, photocopy, meeting facilities, and free wireless internet extends to every suite. The Viva Suites fulfills the living, academic, and business needs of students and business professionals.
View our fully furnished luxury suites here: http://www.cibt.net/viva