Officers were called to the Arco Hotel around 4 a.m. and found a woman suffering from a gunshot wound.
Police confirmed she was rushed to hospital but later died from her injuries.
On Thursday, police identified the victim as Shania Paulson, 24.
No arrests have been made and police said they think the suspect fled the scene prior to them arriving.
Neighbours in the area told Global News they heard what sounded like gunshots around 3 a.m.
Anyone with information is asked to call VPD’s Homicide Unit at 604-717-2500 or Crime Stoppers at 1-800-222-8477.
More to come…