Jericho Beach Hostel Operator

The City of Vancouver is seeking a qualified operator to manage, operate, maintain, and financially administer the Jericho Beach Hostel under a lease‑type agreement. The operator will run a hostel and on‑site cafeteria, provide all day‑to‑day guest services, and be responsible for major repairs to building systems (electrical, plumbing, HVAC, fire protection) while the City retains responsibility for structural elements. The lease term is five years with two optional five‑year extensions, for a possible total of fifteen years. The financial model requires the greater of a CAD $80,000 annual minimum guarantee or 6.5 % of gross revenue, plus property‑tax payments and other operating costs. • Operate and staff a short‑term accommodation facility (hostel) with a cafeteria, including reservations, housekeeping, guest services, and accessibility standards. • Fund and manage all major repairs to building systems; structural repairs are excluded after Amendment #1. • Provide detailed financial reporting, audited statements, and comply with City‑mandated insurance, health‑safety, and licensing requirements. • Deliver community‑benefit programming, affordable‑pricing philosophy, and Indigenous‑participation commitments. • Lease starts 1 June 2027; initial five‑year term, with two five‑year renewal options, subject to market‑rent appraisal.