Country Inn & Suites Portfolio
Sales Date: August 2011
Keys: 229
Price: $25,800,000
Client: Royal Host Inc.
Buyer: Airline Hotels & Resorts
Colliers served as the exclusive agent to Royal Host Inc. in the sale of three hotels in Saskatchewan and Manitoba, which closed as a portfolio transactions to Airline Hotels in August 2011. The sales included the acquisition of three Country Inn & Suites in Regina and Saskatoon, Saskatchewan, as well as Winnipeg, Manitoba with a combined 229 rooms. The assets were well received by the investment community during the marketing process with interest expressed by a variety of local and regional private investors and national hotel investment companies and institutional investors.
The properties were offered as part of a larger portfolio offering of six assets (all based in Western Canada). The three Country Inn & Suites hotels garnered significant interest, buyer competition and superior pricing. The other three assets in the portfolio were sold on an individual basis.
