Here are Thomas’s comments on Vancouver City Council’s approval of the zoning amendment for the planned Sunborn Vancouver yacht hotel. 
We view the news positively, as the significant undercapacity in the hotel market makes Vancouver an especially attractive market for the yacht hotel concept. Although the decision is an important step and paves the way for the project’s construction phase, it does not remove the critical challenges related to the company’s balance sheet position, which are currently the primary obstacle to the investment’s realization.