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Courtyard by Marriott Toronto Downtown

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Courtyard by Marriott Toronto Downtown

Sales Date: May 2013
Keys: 575
Price: $75,850,000
Client: Highgate Holdings

Buyer: Groupe Jesta
Cap Rate: 7.8%

Colliers International Hotels was retained by Highgate Hotels in the sale of the 575-room Courtyard by Marriott Toronto Downtown. The Hotel is exceptionally located on a large 1.5 acre site in downtown Toronto and includes ±14,000 SF of meeting space, 108 parking spaces in a 2-level underground garage, approximately 10,000 SF of ground floor retail space and a variety of amenities. The Property is situated in an irreplaceable downtown location in the nation’s largest City, near an abundance of attractions and demand generators, including the Toronto Eaton Centre, Queen’s Park, and the University of Toronto and Ryerson University campuses.

The Hotel sold to Groupe Jesta, a leading real estate and management company, with offices in Montreal, New York, London, Paris and Berlin, offering a global portfolio of commercial office, retail, residential, industrial, and hospitality properties.

Pour plus d’informations, veuillez contacter:

Tiffany Chow

Transaction Manager | Hotels

Toronto Downtown

Tiffany has been involved in over $3.0 billion in deal volume since joining Colliers, providing real-time market knowledge, property underwriting and financial analysis in the preparation of hotel valuations, proposals, investment memoranda and strategic advisory assignments. In her capacity as Transaction Manager, she is the main liaison between respective buyers and sellers during the due diligence process to ensure a smooth and successful transaction for all parties.

Tiffany's background varies across the Hotel, Economic & Development, and Marketing sectors including working for the City of Toronto and consulting experience in São Paulo, Brazil.

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