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Staybridge Suites Oakville

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Staybridge Suites Oakville 

Sales Date: July 2016
Keys: 105
Client: InnVest REIT
Buyer: Vrancor Group

Colliers International Hotels is pleased to announce the sale of the 105-suite Staybridge Suites Oakville-Burlington on behalf of InnVest REIT to Vrancor Hotels Group Inc.

The Property is well located in the Greater Toronto Area (GTA), just off the QEW at Bronte Road and benefits from easy access to the Highway 400-series and strong nearby demand generators. The Hotel was well received by the investment community during the marketing process given its strategic location, upside operating potential and asset synergies.

The asset was purchased by Vrancor Hotels Group Inc., who also purchased the neighbouring 144-key Holiday Inn Hotel & Suites Oakville at Bronte and Oakville Conference Centre from InnVest REIT in July 2016.  Vrancor is a successful Ontario-based owner/developer in Eastern Canada with a collection of 16 hotels.

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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