Colliers Hotels is pleased to announce we acted as advisors to Sterling Group in the sale of the Super 8 Downtown Toronto, located at 222 Spadina Avenue, to the City of Toronto.
Under the Government of Canada’s Rapid Housing Initiative, the City is planning to renovate the Hotel to studio, one-bedroom and two-bedroom apartments with a bathroom and kitchen to provide affordable supportive housing for people in need.
The transaction closed in April 2021.