he Delta Group has once again achieved ownership of Vancouver’s historic Hotel Georgia and plans to sink $400 million in transforming it into a hotel condo and boutique hotel. Now I knew face lifts were expensive, but this one takes the cake. Like being reunited with a long-lost loved one, reclaiming ownership of the historic hotel once again (the group sold the hotel in 1988) is a reason to celebrate and this time, they are leaving their mark. “It seems it’s our destiny,” says president and CEO Bruce Langereis, no doubt with a tear in his eye.

Built in 1927 in the Georgian revival style, the hotel presents luxury and elegance at its finest and was designed in the classical beaux-arts tradition, one of the last hotel’s in Vancouver to boast of this.

Wanting to add some contemporary flair to the elegant chandeliers and finely polished wood, the Georgia will soon see a number of not-so-slight nips and tucks that include building the Private Residences at Hotel Georgia which will be situated between the 14th and 48th floors of a sleek new tower. Of course, a renovation with a price tag this steep means that the hotel’s private residences will cater mostly to jet-owners and business tycoon types wishing to add a downtown address to their name. The Georgia has never fostered a reputation as a run-of-the-mill hotel.

Suites will range from 630 to 3,700-square feet, not including a penthouse that will take up the entire 48th floor. Suites will come with a balcony or deck and will available in 1,2 and 3 bedroom sizes. Of course, residents will be able to enjoy all the modern amenities of the hotel including its 55-foot by 15-foot pool, yoga and Pilates studio, spa services and dry cleaning facilities.

The 7,143-square foot penthouse offers 360 foot views of the surrounding city, shoreline and mountains. With four bedrooms, four decks, a lounge and wet bar, it gives new meaning to fine living. Also included in the steep price tag (yet to be determined) is a wine room, library, games room, formal dining room for 14 people and a kitchen well equipped to handle any catered event with two dishwashers, two ovens, two fridges, a six-burner stove and a butler’s pantry.

The private residences are expected to sell quickly given their location and the Georgia’s outstanding reputation. Hey, Elvis once stayed here.

According to their website, the Private Residences at Hotel Georgia presents ‘a beautiful mélange of historic elegance and ultra contemporary design,’ and yes, like most condominiums, the ads will likely feature a young, stylish couple enjoying life in their new home.