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Toronto Courtyard & Residence Inn Portfolio

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Toronto Courtyard & Residence Inn Portfolio

Sales Date: June 2013
Keys: 632
Price: $70,550,000
Client: Concord Hospitality Enterprises JV Lubert Adler Real Estate Funds

Buyer: Morguard Corporation

Colliers Hotels acted as joint advisor to US-based Concord Hospitality Enterprises & Lubert Adler Real Estate Funds in the sale of the 632-room Toronto Courtyard & Residence Inn Marriott Portfolio to Morguard Corporation. The properties included the Courtyard Toronto /Meadowvale, Residence Inn Toronto/Meadowvale, Courtyard Toronto Markham, Residence Inn Markham, and Courtyard Toronto Vaughan.

The Portfolio received significant interest from traditional Canadian capital sources, as well as US and international hotel investors seeking critical mass in the highly sought after Greater Toronto Area. The Hotel’s offered strong financial performance, best-in-class branding and outstanding locations in their respective competitive markets.

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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