Hilton Suites Winnipeg Airport
Sales Date: October 2011
Keys: 160
Price: $25,000,000
Client: WBP Wellington Trust
Buyer: Fortis Properties
Cap Rate: 9.1%
Colliers International Hotels and Colliers International Winnipeg served as advisor and exclusive agent on behalf of WBP Wellington Trust, a joint venture partnership between Westmont Hospitality Group and the Baupost Group in the sale of the 160-room Hilton Suites Winnipeg Airport to Fortis Properties (TSX: FTS).
The Hotel is positioned as the leader in the Winnipeg airport market and is the City’s only full-service suite hotel. This efficiently designed AAA Three Diamond property offers large rooms, a quality restaurant and lounge, 8,580 SF of flexible meeting space and impressive recreational facilities. As a result of its institutional branding and strategic location near the Winnipeg International Airport, the Hotel has achieved a consistent and high level of operating performance.