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Delta Toronto East and Development

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Delta Toronto East and Development Lands

Sales Date: June 2018
Keys: 366        
Price: $60,000,000
Client: KPMG Inc., in its capacity as court appointed liquidator of Tarn Financial Corporation
Buyer: Sunray Group

Colliers International Hotels and Colliers Investment Services Group ("Colliers") are pleased to announce the successful sale of the 366-key full-service Delta Toronto East and Development Lands, approved for the construction of over 1,000 residential condominium units (the "Property") situated on a ±6.9 acre site. 

Colliers was retained by KPMG Inc. (“KPMG”), in its capacity as court appointed liquidator (the “Liquidator”) of Tarn Financial Corporation. The Property was purchased by Sunray Group with a growing collection of nearly 40 hotels in Eastern Canada.