12 Property Diversified Canadian Hotel Portfolio
Sales Date: March 2018
Client: InnVest Hotels
Buyer: Manji's Holdings Ltd. and Palm Holdings
Colliers Hotels acted on behalf of InnVest Hotels on an exclusive basis in connection with the sale of the Diversified Canadian Hotel Portfolio. The Portfolio encompassed 12 properties located in Alberta, Saskatchewan, Ontario, Quebec and Newfoundland, and underwent a competitive bidding process until the ultimate buyer was selected. The transaction represented the largest trade in Q1 2018 and was sold to a joint-venture between Manji's Holdings Ltd. and Palm Holdings.