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Holiday Inn Express Hotel & Suites Ottawa West

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Holiday Inn Express Hotel & Suites Ottawa West

Sales Date: October 2013
Keys: 115
Price: $19,500,000
Client: Private Investor

Buyer: Temple Hotels Inc.
Cap Rate: 10.2%

The 115-room Property is conveniently located in Nepean, a neighbourhood just west of downtown Ottawa, proximate to the Queensway (Highway 417), a major thoroughfare connecting Ottawa west to the downtown core and Montreal, and Highway 416 which provides easy access to Toronto via Highway 401. Hotel amenities include an indoor swimming pool and hot tub, complimentary breakfast bar, fitness centre, free Wi-Fi access, business centre with copy/fax, guest-laundry, and five meeting rooms totalling 4,400 SF. Built in 2010, this limited-service hotel was purchased by Temple Hotels Inc., a real estate investment company listed on the Toronto Stock Exchange (TSX: TPH) with a current portfolio of 23 hotels across Canada. Temple’s acquisition was financed by GE Capital Franchise Finance.

For More Information, Please Contact:

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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