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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.

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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