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Holiday Inn Express Hotel & Suites Ottawa West

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Holiday Inn Express Hotel & Suites Ottawa West

Sales Date: October 2013
Keys: 115
Price: $19,500,000
Client: Private Investor

Buyer: Temple Hotels Inc.
Cap Rate: 10.2%

The 115-room Property is conveniently located in Nepean, a neighbourhood just west of downtown Ottawa, proximate to the Queensway (Highway 417), a major thoroughfare connecting Ottawa west to the downtown core and Montreal, and Highway 416 which provides easy access to Toronto via Highway 401. Hotel amenities include an indoor swimming pool and hot tub, complimentary breakfast bar, fitness centre, free Wi-Fi access, business centre with copy/fax, guest-laundry, and five meeting rooms totalling 4,400 SF. Built in 2010, this limited-service hotel was purchased by Temple Hotels Inc., a real estate investment company listed on the Toronto Stock Exchange (TSX: TPH) with a current portfolio of 23 hotels across Canada. Temple’s acquisition was financed by GE Capital Franchise Finance.

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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