Colliers Hotels is pleased to announce it acted as exclusive advisors in the sale of the 237-key Holiday inn Burlington Hotel & Conference Centre on behalf of InnVest Hotels to Sunray Group.
Positioned on a large ±6.73 acre site, the Offering presented a sizable acquisition opportunity for a new owner to gain instantaneous exposure to the much sought after Greater Toronto Area (“GTA”) market, with long-term redevelopment potential. As well, the Property is the largest hotel and conference centre in the area with 237 keys and more than ±20,000 SF of convention space, in addition to a broad mix of desirable facilities.
InnVest is the largest owner of hotels in Canada. Colliers ran a discreet marketing process for our client and successfully sold the Hotel to Sunray Group, a hospitality and development company with a vast portfolio of award-winning brands. The transaction closed in October 2021.
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