Holiday Inn Express Toronto East
Sales Date: August 2017
Client: InnVest Hotels
Buyer: Sunray Group of Hotels
Colliers International Hotels is pleased to announce the sale of the 140-key Holiday Inn Express Toronto East on behalf of InnVest Hotels to Sunray Group of Hotels. The Property enjoys an excellent location in Toronto's eastern suburb of Scarborough, just off Highway 401, with easy access to leisure and institutional demand sources including Scarborough Town Centre, Metro Toronto Zoo, Centennial College, Seneca College and Scarborough General Hospital, as well as downtown Toronto and other communities across the GTA. Sunray Group of Hotels (www.sunraygroup.com) purchased the Property in August 2017, adding to their current portfolio of 30 properties across Canada.