Empress Hotel owner celebrates $60M renovation

July 3, 2017 2:47 pm

the vancouver sun

VICTORIA — When Nat Bosa paid $48 million for the Fairmont Empress Hotel three years ago, he figured renos would come in at $30 million — or a little more.

Not so. The tab to completely refresh the 109-year-old property was slightly more than $60 million.

But it was worth it to Bosa.

“I did not buy a hotel,” Bosa said this week as he prepared for an official ribbon-cutting celebration and party attended by more than 400 on Wednesday.

“I bought a national treasure and it belongs to everybody. This was an absolute incredible opportunity to have to been able to restore this grand old lady to close to its former glory.”

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