Delta Sault Ste. Marie Waterfront Hotel & Conference Centre
Sales Date: May 2017
Client: Algoma Central Properties Inc.
Buyer: Private Domestic Buyer
Colliers International Hotels is pleased to announce the sale of the 195-key Delta Sault Ste. Marie Waterfront Hotel & Conference Centre on behalf of Algoma Central Properties Inc. to a private domestic buyer.
The Property is superbly situated in the heart of downtown Sault Ste. Marie and benefits from being the only full-service hotel on the City’s waterfront with an excellent mix of modern amenities including ±12,000 SF of meeting space, an indoor swimming pool, whirlpool and sauna, a restaurant/bar with an expansive outdoor patio, leased fitness centre and spa, and many more.
Algoma Central Corporation operates the largest Canadian flag fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway, and the Hotel sale was part of the company's new strategic objective to dispose of its real estate holdings.