Argus Properties

What Argus Properties does

Argus Properties Ltd. is a privately held real estate investment and development company headquartered at 1060 Manhattan Drive in Kelowna, British Columbia, with operational roots extending back to 1969. The company operates an integrated, multi-vertical platform spanning commercial and industrial leasing, residential rentals, build-to-suit development, and hospitality through its wholly owned Argus Hospitality Group subsidiary. Its commercial portfolio includes light industrial business parks (Airport Business Park, West Kelowna Business Park, Beaver Lake Road), cross-dock and logistics facilities, retail and office space; its residential operations span modern apartment developments such as The Marjorie (2275 Pandosy Street) and The Woods at Willow Park; and its hospitality division owns and operates four properties — Eldorado Resort on Okanagan Lake, Four Points by Sheraton Kelowna Airport, Hampton Inn & Suites Kelowna Airport, and Home2 Suites by Hilton Fort St. John.

The company serves enterprise and SMB tenants across the Okanagan Valley and Northern British Columbia, with disclosed clients including Coca-Cola, FedEx, Waste Management, Starbucks, Crown Packaging, Andritz, Alpine Aerotech, UBCO, and Okanagan College, plus smaller tenants such as Bliss Bakery and Tender Hope Winery. Branded hotel partnerships with Marriott (Four Points by Sheraton) and Hilton (Hampton Inn, Home2 Suites) underpin hospitality operations, while a Harbour Air float-plane partnership (announced July 2021) supports resort accessibility. Geographic reach is concentrated in Western Canada — primarily Kelowna and the Okanagan Valley, with Fort St. John representing the northernmost footprint.

Revenue is generated primarily through recurring monthly and annual commercial and residential leases and ongoing hotel operations, with pricing disclosed only on inquiry. The company employs 51-100 staff, is closely held with no disclosed external funding or institutional backing, and is currently advancing multiple development projects including 306 Beaver Lake Road / Argus Business Park North (Q4 2026 completion) and 1702 Innovation Drive (2028 availability), signaling continued industrial and commercial pipeline growth.

Name

Argus Properties

Legal name

Argus Properties Ltd.

Website

https://argusproperties.ca

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Short description

Argus Properties Ltd. is a privately held Kelowna, British Columbia-based real estate investment and development company operating commercial and industrial leasing, residential rentals, build-to-suit development, and a hospitality subsidiary with four hotels and resorts across Western Canada.

Ownership category

akta.pro rank

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: Revenue from leasing industrial, retail, and office spaces across their property portfolio in the Okanagan Valley, BC. Properties include Cross Dock Facilities, Business Parks, and flex warehouse spaces.
2. Residential Rentals: Monthly rental income from residential developments including The Marjorie and The Woods at Willow Park apartment buildings.
3. Hospitality Operations: Owner and operator of multiple hotels including Eldorado Resort, Four Points by Sheraton Kelowna Airport, Hampton Inn & Suites Kelowna Airport, and Home2 Suites Fort St. John. Revenue from hotel rooms, dining, and event venues.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Argus Properties is a privately held real estate investment and development company that owns, develops, leases, and manages commercial, industrial, residential, and hospitality properties across the Okanagan Valley in British Columbia. Its portfolio includes commercial and light industrial space for lease, business parks, build-to-suit facilities, modern residential rental apartments such as The Marjorie, and a hospitality division (Argus Hospitality Group) operating Eldorado Resort, Four Points by Sheraton Kelowna Airport, Hampton Inn & Suites Kelowna Airport, and Home2 Suites Fort St. John.

Product overview

Argus Properties Ltd is a privately owned real estate investment and development company offering a diversified portfolio of commercial leasing, residential rentals, and hospitality services. The core offerings include versatile commercial buildings for industrial, retail, and office leasing; modern residential developments like The Marjorie; custom build-to-suit developments; and the Argus Hospitality Group subsidiary operating premium hotels including Eldorado Resort, Four Points by Sheraton Kelowna Airport, Hampton Inn & Suites Kelowna Airport, and Home2 Suites Fort St. John. The company serves clients across the Okanagan Valley and beyond with over 50 years of experience.

Differentiator

Problem solved

Functional benefit

Brands

• Argus Hospitality Group: A subsidiary operating premium hospitality entities including Eldorado Resort, Four Points by Sheraton Kelowna Airport, Hampton Inn & Suites Kelowna Airport, and Home2 Suites by Hilton Fort St. John.

Products and services

• Commercial Leasing

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• Harbour AirminorStrategic or Co-development Partner · 8 July 2021Partnership announced July 2021 enabling direct float plane flights from Downtown Vancouver to Eldorado Resort Marina on Okanagan Lake, starting July 23rd.
• Four Points by Sheraton (Marriott)coreStrategic or Co-development PartnerArgus Properties owns and operates the Four Points by Sheraton Kelowna Airport, located conveniently across from Kelowna International Airport with complimentary 24-hour shuttle service. The hotel features Gulfstream Restaurant and meeting spaces.
• Hilton (Hampton Inn & Suites)coreStrategic or Co-development PartnerArgus Hospitality Group owns and operates Hampton Inn and Suites Kelowna Airport, a 140-room hotel opened in 2020 located across from Kelowna International Airport and adjacent to UBCO. Features fitness center, indoor pool, business center, and free hot breakfast.
• Hilton (Home2 Suites)coreStrategic or Co-development PartnerArgus Properties developed and operates Home2 Suites by Hilton in Fort St. John, a 90-room extended stay hotel adjacent to Alaska Highway. Includes full daily breakfast, pool, fitness center, and an independently operated nationally branded restaurant.
• UBCO (University of British Columbia Okanagan)minorStrategic or Co-development PartnerCommunity support partner; Argus Properties supports UBCO initiatives and benefits from proximity to the 8,300+ enrolled students and 700+ staff near their Airport Business Park properties.
• Okanagan CollegeminorStrategic or Co-development PartnerSupported renovation and expansion of Trades Training Complex at Kelowna Campus. Argus Properties pledged support for the facility serving students in trades training.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Allied Properties REIT: Canadian REIT focused on industrial and office properties in major urban centres. Comparable to Argus's commercial leasing segment and BC operating geography, though publicly traded and urban-focused versus Argus's regional Okanagan focus.
• Morguard REIT: Diversified Canadian REIT owning hotel, industrial, office, retail, and residential properties. Comparable multi-segment real estate model with material hospitality exposure (Morguard Hotel Group), though publicly traded versus Argus's private structure.
• Onni Group: Vancouver-based diversified real estate developer operating residential, commercial, office, and hotel assets across North America. Comparable diversified platform with hospitality exposure and integrated development capabilities similar to Argus's three-segment model.
• Northland Properties: Privately held BC-based conglomerate operating Sandman Hotels, Moxie's restaurants, and a real estate division. Closely comparable integrated hospitality + real estate model with similar regional Canadian footprint and private ownership profile.
• Beedie: British Columbia's largest private industrial landowner and developer with significant Metro Vancouver and BC industrial portfolio. Comparable to Argus's industrial-heavy property mix and BC-focused build-to-suit industrial strategy.
• Wesgroup Properties: BC-based privately held diversified real estate developer and investor with industrial, residential, and commercial assets across Western Canada. Most directly comparable to Argus's integrated BC-focused model with similar mix of build-to-suit industrial, residential rentals, and long-term ownership philosophy.

Others

• Hilton Worldwide: Global hotel franchisor whose Hampton Inn and Home2 Suites brands are operated by Argus in Kelowna and Fort St. John. Comparable as the upstream franchise counterparty providing loyalty programs, brand standards, and operational systems for two of Argus's hotel properties.
• Marriott International: Global hotel franchisor whose Four Points brand is operated by Argus at Kelowna Airport. Comparable as the upstream franchise counterparty in Argus's hospitality segment rather than a direct competitor; represents the distribution and brand infrastructure underpinning Argus's hotel revenue.

Broad incumbents

• GWL Realty Advisors: Canadian real estate investment management firm managing office, industrial, retail, and residential assets on behalf of institutional investors. Comparable institutional real estate platform in Canada, though Argus operates as owner rather than third-party manager.
• BentallGreenOak (now part of SLC Management): Major North American institutional real estate investment manager overseeing office, industrial, retail, and multifamily assets. Comparable as a large-scale Canadian real estate investment operator, though at meaningfully larger scale and institutional capital base.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/argusproperties
• Facebookfacebook.com/ArgusProperties
• LinkedInlinkedin.com/company/argus-properties-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Argus Properties