Client: Select Orangeville Hotel GP Corp. as GP of Select Orangeville Hotel LP
Buyer: Sunray Group of Hotels Inc.
Colliers International Hotels is pleased to have acted as the exclusive advisor to Select Orangeville Hotel GP Corp. as GP of Select Orangeville Hotel LP in the sale of the 84-room Best Western Plus Inn & Suites Orangeville to Sunray Group of Hotels Inc.
The Hotel is well located just off Highway 10, the primary artery that connects to the Greater Toronto Area with easy access to nearby urban centres. The Property is ranked as the top hotel in Orangeville by TripAdvisor with premier amenities including ±5,600 SF of meeting space, a large indoor salt water pool, whirlpool, fitness centre and leased free-standing Boston Pizza restaurant. The offering also included approximately 2.0 acres of buildable land available for future development on a large 7.2-acre site which the Hotel currently sits on.