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Hotel Le Crystal Montreal

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Colliers Hotels is pleased to announce the sale of the Hotel Le Crystal Montreal to Warwick Hotels & Resorts.  The transaction closed in February 2023.

This modern AAA Four Diamond Award hotel is located in the heart of downtown Montreal, Quebec at 1100 Rue de la Montagne.

The Property is complemented by a full array of amenities, including indoor swimming pool, fitness center, spa and an upscale Thai restaurant.  126 of 131 strata units were conveyed as part of the transaction.  The Property had been closed for two years prior to the sale. 

The Hotel will re-open in May 2023 as the Warwick Le Crystal-Montréal.
Warwick is based in Paris and was founded in 1980 with the purchase of the Warwick New York, with the company portfolio today including more than 40 hotels and resorts, with locations in Paris, New York, London, Geneva, Dallas, Chicago and San Francisco. 

 

Warwick Hotels & Resorts Press Release

Real Estate News EXchange Article


For More Information, Please Contact:

Alam Pirani

Executive Managing Director | Hotels | Canada & Caribbean

Toronto Downtown

Alam Pirani is Executive Managing Director of Colliers Hotels based in the Toronto office. He leads the team of professionals responsible for hotel investment advisory services in Canada and the Caribbean and is an Executive Member of the Colliers Global Hotel Team. Alam’s specialized experience is in sourcing equity and debt capital for hotel and leisure investments and providing strategic advisory services for hotel and leisure-related assets. Since joining Colliers in 1991, Alam has been directly involved in portfolio and single asset and debt transactions with a market capitalization of over $15.0 billion in Canada and over $3.0 billion in the Caribbean acting on behalf of REIT’s, public companies, institutional investors, opportunity/investment funds and private capital sources.

Prior to joining Colliers, Alam was with the hotel and leisure time industries consulting firm of Laventhol & Horwath, where he was involved in advising clients on development, valuation and strategic planning in the lodging industry. Alam has also worked in various operations capacities with hotel companies and with a private real estate investment/development company. Alam received his formal education in Hospitality & Tourism Management at Ryerson University.

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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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Jessi Carrier

Senior Vice President | Hotels

Montreal

Jessi is responsible for hotel brokerage and debt placement. With 15 years of experience in real estate and finance he brings a unique dimension to the Colliers Canadian Hotel Practice Group with his comprehensive background in several investment disciplines, in particular hotels, restaurants and related industries. Jessi most recently worked with an investment banking firm, prior to th​​at, he was with GE Capital for eight years as a senior account manager. 

 

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