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Innhouse Capital is proud to announce the acquisition of Maplewood Apartments.

“ click photo for more pictures” iC is proud to announce the acquisition of Maplewood Apartments from a national American Bank in Glendale Arizona with local joint venture partners Mentor Real Estate Advisors. This acquisition brings iC’s interest to over 900 units in the Phoenix multi-family market. In 2011 iC purchased an interest (with Mentor) in Arroyo Palms, Brandywood, and Asante Apartments.The purchase of Maplewood furthers iC’s intention of strategically acquiring well priced and well position multi-family assets in the Greater Phoenix market. iC will continue to evaluate opportunities in this and other USA markets though out...

Entrepreneur of the Year

An avid hockey fan, Salim Karim isn’t afraid to show his Canuck colors, even when the chips are down. His dedication as a fan is apparent with his Jersey proudly worn to the office during playoff season this year. “There is a cliché in the hockey world, that the best players have to be the best players,” he states matter-of-factly, and no one knows better about being the best player than Salim. As the team leader and the youngest of three principals that make up The InnHouse Group of Companies team, his recent nomination for Entrepreneur of the Year in the category of Retail through Ethno BC, comes as no surprise. Salim’s list of recent accolades includes Business in Vancouver’s Top 40 Under 40 and fastest growing companies in BC. For those who work closely with Salim it is immediately apparent that he is always ‘in the game’ and that he’s in it to win. Ethno BC, a local group dedicated to assisting new Canadian Entrepreneurs to succeed in BC, recognizes the efforts of immigrant Entrepreneurs annually by presenting a series of awards in honour of the outstanding success of these individuals. Dedication to his business, and his entrepreneurial drive were a significant part of the reason Ethno BC deemed Salim 2010’s Entrepreneur of the Year. Salim will be presented his award during the 19th Annual BC New-Canadian Entrepreneur Awards at the Hyatt Regency in mid...

SOLD – Lonsdale Quay Hotel

InHouse announces the sale of its interest in Lonsdale Quay Hotel. InnHouse announces the sale of its interest in Lonsdale Quay Hotel to former partner Dinu Samji. The 70 room, full-service waterfront hotel has been in the Karim family since 1989. The friendly transaction adds to Dinu’s impressive portfolio while providing InnHouse the capital to redeploy in other investments. Under the combined leadership of Didar, Amin and Salim Karim the Lonsdale Quay Hotel is the premier boutique hotel on the North Shore. With loyal guests and tireless effort from the staff, the Lonsdale Quay Hotel receive honourable mention from BC Business Magazine as a top employer in the province. “The sale of The Lonsdale Quay Hotel saddens me and my family” remarks Salim Karim, CEO of InnHouse Group of Companies. “My father purchased the hotel in the late ‘80’s and I basically grew up in that hotel. We will miss the staff and guests but are confident that Dinu will continue the good...

SOLD – Granville Liquor Store

InnHouse Licensed Retail Concepts (iLRC) announces the sale of Granville Street Liquor Store. InnHouse Licensed Retail Concepts (iLRC) announces the sale of Granville Street Liquor Store to John Kettlewell, owner of Moonrakers Pub & Liquor Store (as well as others) in New Westminster. iLRC purchased the Licensed Retail Store (LRS) license and developed the store in 2005. Under the leadership of Salim Karim, the store developed a loyal customer base and experienced strong revenue/profit growth. The sale allowed John the opening to meet his objective of expanding his family business, and provides iLRC with the opportunity to realize on a successful investment and re-deploy the capital into new opportunities. “The sale of our interest in Granville Street comes with mixed emotions”, stated iLRC CEO Salim Karim. “On the one hand it’s always nice to realize on a successful investment, especially when we can help a friend meet his objectives. On the other hand, we’ll miss our involvement in Granville Street and the South Granville market”. iLRC continues to own and operate successful private liquor stores in British Columbia and believes in the future stability and grown in the industry....

Best Hotel on the North Shore

Lonsdale Quay Hotel nominated for Best Hotel on the North Shore in January 30, 2011 Edition of the North Shore News! Lonsdale Quay Hotel nominated for Best Hotel on the North Shore in January 30, 2011 Edition of the North Shore...

BEST COMPANIES TO WORK FOR IN BC 2010

The Lonsdale Quay Hotel was proudly nominated as “BEST EMPLOYER” in BC for 2010. The Lonsdale Quay Hotel ranked 4th in its respective category On November 30th, BC Business held the 9th Annual “Best Companies to Work for in BC” gala at The Fairmont Hotel Vancouver. There were over 600 people who attended the awards, and more than 100 companies that took part from across British Columbia. The awards were mostly broken-out by industry sectors, which made for some good competition throughout the night. The Best Companies to Work For in BC program is an employee rated program – meaning the employees rate the company anonymously via a survey, and provide feedback to BC Business about the benefit programs, employee bonuses and perks and why the company they work at is one of the best in BC. The Lonsdale Quay Hotel ranked 4th in its respective category. Cactus Club Café placed 1st....

Hastings Liquor Store has made the list!

The growth in independent liquor stores over recent years has demonstrated that a business opportunity existed where few thought there was one. Private companies focusing on location, selection and service have shown they could not only compete but thrive alongside government controlled outlets. The most successful of these are about to be highlighted in an upcoming issue of Business in Vancouver. Our list of the region’s top INDEPENDENT LIQUOR STORES will be included the September 28 issue of the newspaper along with a feature story on your industry. The growth in independent liquor stores over recent years has demonstrated that a business opportunity existed where few thought there was one. Private companies focusing on location, selection and service have shown they could not only compete but thrive alongside government controlled outlets. The most successful of these are about to be highlighted in an upcoming issue of Business in Vancouver.Our list of the region’s top INDEPENDENT LIQUOR STORES will be included the September 28 issue of the newspaper along with a feature story on your...

Small steps, big beliefs

Family charity aims to aid unwed mothers in Muslim Pakistan. A North Shore family is taking their passion for music to another level with a charitable concert at Centennial Theatre in North Vancouver on Sunday. The concert aims to bring awareness to the dire situation of unwed mothers and their babies in Northern Pakistan.The Karim family — father Amin, mother Nermin, daughter Safiya (16), son Zia (14), son Fillah (13) and son Jamil (8) — is a family of performers.They were seeking a way to blend their unique identity and they found it in creating music. Click to Read:  North Shore News “We felt, for the children, we needed them to be proud of who they were,” Amin said,”to be able to stand up and say, ‘I am proud to be an Ismaili, proud to be a Canadian.'”Amin owns Lonsdale Quay hotel, along with private liquor stores and a campground with his family. Nermin is a trained optometrist, who has recently decided to go back to school and study law.Philanthropy has always been an important part of their lives.All proceeds from the concert will go to the Karim’s Canadian-registered charitable organization called Shahada.Shahada’s main goal is to provide unwed mother’s with a safe place to have prenatal care, give birth to their babies and the choice to leave them knowing they will be properly taken care of.In a country like Pakistan, having an orphanage involves several complications. “You can’t have a big sign on the door saying Orphanage Here,” said Nermin. “In that area of the world, if you say that, you are saying it is OK to have...

SOLD – Johnson Street Liquor Store

InnHouse Licensed Retail Concepts (iLRC) announces the sale of Johnson Street Liquor Store. InnHouse Licensed Retail Concepts (iLRC) announces the sale of Johnson Street Liquor Store to George Petropavlis, owner of Rivers Reach Pub & Liquor Store in New Westminster. iLRC purchased the Licensed Retail Store (LRS) license and developed the store in 2005. Under the leadership of Salim Karim, the store developed a loyal customer base and experienced strong revenue/profit growth. The sale allowed George the opening to meet his objective of expanding his business, and provides iLRC with the opportunity to realize on a successful investment and re-deploy the capital into new opportunities. “The sale of our interest in Johnson Street comes with mixed emotions”, stated iLRC CEO Salim Karim. “On the one hand it’s always nice to realize on a successful investment, especially when we can help a friend meet his objectives. On the other hand, we’ll miss our involvement in Johnson Street and the Coquitlam market”. iLRC continues to own and operate successful private liquor stores in British Columbia and believes in the future stability and grown in the...