The rent of a one bedroom apartment at The Hotel de Paris in the Westbank has jumped by about $20,000 in the last week.
The property at 609 Westbank Crescent has been listed for rent for $1,600 per month with an option for $2,500 a month.
A new one bedroom unit has also been listed.
Owner of the property, David Smith, said the price was a good reflection of the location of the hotel and its location on the site of the former Hotel de Lyon.
Mr Smith said the rental application had been made on behalf of the building owners.
“It’s been good to see it get a lot of interest and it’s good to get some interest from a lot more people,” he said.
The hotel had been listed on the property registry before, but it did not have a listing in the city.
Mr Miller said there was a significant increase in interest in the property and people were now contacting the property owner for further information.
“We had about 15 calls and emails in the week, and we got a lot from people interested in renting here,” he told News24.
“This is a great place to live.”
Mr Smith had a couple of other properties in the area and had been considering relocating to the West Bank, but said he could not give any specifics.
“They [the owners] are very supportive of us, they’ve been really helpful, so we’re very grateful,” he explained.
The location of The Hotel of Paris has been a major focus for residents and residents of surrounding properties.
Residents in the surrounding areas have expressed their interest in living in the hotel for the duration of the year, but Mr Miller said the property would be open to residents for a period of time.
“I think we’ll be here for another six to eight months,” he added.