The Westin Prince Hotel Toronto
Sales Date: August 2015
Keys: 395
Price: $70,000,000
Client: Private Investor Group
Buyer: 2465855 Ontario Ltd.
Colliers International Hotels is pleased to announce the sale of the 395-room Westin Prince Toronto on behalf of a Private Investor Group to an established Real Estate Company from Mainland China.
This CAA/AAA Four Diamond award-winning urban resort hotel is well located in Toronto, just south of Highway 401 and west of the Don Valley Parkway, two major arteries which provide easy access to downtown Toronto and communities throughout the Greater Toronto Area. The Hotel is situated on a large 15.0 acre site and features world-class facilities and amenities including 30,000 SF of meeting space, four food and beverage outlets, a business centre, outdoor swimming pool and hot tub, fitness centre, and 625-space three-level parking structure, in addition to a number of on-site recreational pursuits and approximately 3.0 acres of prime excess lands.
The Westin Prince has been the largest single hotel acquisition by a cross-border group in Canada over the past decade.