604.630.1499 info@innhouse.bc.ca

iC partners with Mwest to acquire a significant historic real estate asset on Hollywood Blvd.

The Property consists of a seven-story, mixed-use building located at 5217 Hollywood Boulevard and a two-story, type III masonry mixed-use building located at 5299-5233 Hollywood Boulevard.The seven-story building, also known as “Guardian Arms”, was originally built as a hotel in 1928. It soon became the destination for many of Hollywood’s biggest film stars because of its prestigious Hollywood Boulevard address and spectacular views. In 1941, the hotel was converted into apartments and was modestly renovated in 2008 by the current owners. The building features a spacious lobby, with concrete and marble floors, art deco style units, and panoramic views that include the Hollywood Sign and Griffith Park...

Unity in Diversity Award

This year’s award, which is presented by the Baha’i community of West Vancouver, was awarded to the Karim family. The 12th annual West Vancouver Unity in Diversity Award ceremony was held Nov. 10 at the West Vancouver Memorial Library. This year’s award, which is presented by the Baha’i community of West Vancouver, was awarded to the Karim family, known for their active role in sharing their culture and religion throughout the community, offering aid in Pakistan as well as presenting musical concerts to fundraise for worthy causes. The nominees for this year’s award ranged from individuals to organizations and businesses — including Jamie Keast, the North Shore Multicultural Society, West Vancouver library and the North Shore News. Click the following links to read the articles: North Shore News Award Announcement North Shore News Award...

iC is proud to announce the acquisition of Fairways apartment complex, in Phoenix, Arizona from the American Housing Foundation with local joint venture partners Mentor Real Estate Advisors. Fairways is a 160 unit, 15 building garden-style low rise residential complex situated on 5.77 acres.

This acquisition brings iC’s interest to nearly 1,100 units in the Phoenix multi-family market. In 2011 iC purchased an interest (with Mentor) in Arroyo Palms, Brandywood, and Asante Apartments.In 2012, the addition of Maplewood and Fairways 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...

iC is proud to announce the acquisition of 900 East 1st Street. Located in the heart of the Arts District of downtown Los Angeles, this is iC’s first joint venture with local partners MWest Holdings and 1st acquisition in California.

The 45 unit warehouse-artist loft conversion is ideally situated across the street from a major ($160M) mixed use development which will include 438 apartments and 78,620 square feet of office and retail space, along with nearly 50,000 square feet of public outdoor space. In 2011 iC acquired over 900 multi-family units in the metro-Phoenix area with joint venture partner Mentor Real Estate Advisors. The move into Los Angeles furthers iC’s intention of strategically acquiring well priced and well position multi-family assets in the USA market. iC will continue to evaluate opportunities in this and other USA markets though out...

SOLD – North Shore Liquor Shop – Lynn Valley

InnHouse Licensed Retail Concepts (iLRC) announces the sale of North Shore Liquor Shop – Lynn Valley. This is the first liquor store transaction for this local, undisclosed private company. The Lynn Valley liquor license was the first Licensed Retail Store (LRS) license acquired by iLRC through its ownership of the Lonsdale Quay Hotel. In 2004 the store was established under the leadership of Salim Karim. It started with an aggressive acquisition of an occupied leased premise that involved relocating the existing business to an inferior location. Then by retaining the services of leading designers and contractors, redeveloping the site from a butcher shop into an attractive and efficient liquor store, setting the standard for many of subsequent stores. That strategy was fundamental to the success of the store’s penetration into the market proved very successful and over the years. The result was a loyal customer base and strong revenue/profit growth. The sale 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 the Lynn Valley store comes with mixed emotions”, stated iLRC CEO Salim Karim. “This is where our diversification from the hotel business began. It was the turning point in the growth and success of InnHouse Licensed Retail Concepts. On the one hand it’s always nice to realize on a successful investment, especially when the purchaser is excited that he is on a path to meeting his business objectives. On the other hand “the sale of the store sets us on a new path in the direction of continued diversification and growth of the...

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...