Edmonton Focused-Service Portfolio
Sales Date: April 2018
Client: Platinum Investments Ltd.
Buyer: Genesis Hospitality Inc.
Colliers International Hotels is pleased to have acted as the exclusive advisor to Platinum Investments Ltd. in the sale of the 239-key Edmonton Focused-Service Portfolio, consisting of the 136-room Courtyard by Marriott Edmonton West and 103-room Hampton Inn & Suites by Hilton Edmonton West to Genesis Hospitality Inc.
The Portfolio offered an excellent opportunity to acquire two established and well-maintained focused-service assets in a major Canadian market with strong management and operational synergies. The Hotels are situated adjacent to each other on a large 6.55 acre site in a vibrant West Edmonton location nearby a variety of demand generators. The Properties were purchased by Genesis Hospitality Inc., adding to their portfolio of 11 hotels across Canada.