[WhipperSnapper]

There are few places and likely none in Canada where building a major high end brand hotel makes economic sense.

The physical structure reflects two buildings stack on top of each other however, both the hotel and residential portions rely on each other to get the project off the ground. The hotel amenities are a major selling point for the condos while the sale of the condo portion or partnering with residential developers offset the cost of the hotel. The strata fees usually supplements the maintenance as well. I don't see anyone throwing down money in the hopes of a future market developing either. (although speculating on other peoples' tens of millions is rampant on these forums)