Sale of The Toronto Area Marriott Select-Service Portfolio

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The Toronto Area Marriott Select-Service Portfolio

Sales Date: October 2011
Keys: 495
Price: $48,000,000
Client: Concord Hospitality Enterprises JV Lubert Adler Real Estate Funds
Buyer: Genesis Hospitality

Colliers Hotels acted as joint advisor to Concord Hospitality Enterprises & Lubert Adler Real Estate Funds in the sale of the 495-room Toronto Area Marriott Select Service Portfolio to Genesis Hospitality Inc. The properties included the Courtyard Toronto Airport Corporate Centre West, Residence Inn Toronto Airport Corporate Centre West, Residence Inn Toronto Vaughan and Courtyard Hamilton.

The Portfolio received significant interest from traditional Canadian capital sources, as well as US and international hotel investors seeking critical mass in and around the highly sought after Greater Toronto Area. The Hotel’s offered strong financial performance, best-in-class branding and outstanding locations in their respective competitive markets. The sale marked the highest price per room on record achieved for comparable select-service product in Eastern Canada.


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Robin McLuskie

Managing Director | Hotels

Toronto Downtown

Robin has been with Colliers since 2003 and is responsible for hotel and resort investment sales, business development and client management. As Managing Director of Canadian hotel brokerage operations, she is an industry leader representing Canada's largest hotel owners, focusing on developing long-term client relationships and helping to establish Colliers as the advisor of choice to institutional capital and private investors.

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