Extended Stay Canada Portfolio
Sales Date: May 2017
Buyer: Sunray Group of Hotels Inc.
Colliers Hotels is pleased to announce the sale of the 189-key Extended Stay Canada Toronto-Vaughan and 93-key Extended Stay Canada St. John’s Downtown to Sunray Group of Hotels.
The Hotels benefit from their all-suite product offering with fully-equipped kitchens, specifically catering to long-term stay guests. Each property is well located in their respective markets, surrounded by significant sources of demand. Sunray Group of Hotels (www.sunraygroup.com) purchased the properties as a portfolio in May 2017 and have plans to renovate and explore repositioning/branding strategies.