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Toronto Courtyard & Residence Inn Portfolio

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Toronto Courtyard & Residence Inn Portfolio

Sales Date: June 2013
Keys: 632
Price: $70,550,000
Client: Concord Hospitality Enterprises JV Lubert Adler Real Estate Funds

Buyer: Morguard Corporation

Colliers International Hotels acted as joint advisor to US-based Concord Hospitality Enterprises & Lubert Adler Real Estate Funds in the sale of the 632-room Toronto Courtyard & Residence Inn Marriott Portfolio to Morguard Corporation. The properties included the Courtyard Toronto /Meadowvale, Residence Inn Toronto/Meadowvale, Courtyard Toronto Markham, Residence Inn Markham, and Courtyard Toronto Vaughan.

The Portfolio received significant interest from traditional Canadian capital sources, as well as US and international hotel investors seeking critical mass in the highly sought after Greater Toronto Area. The Hotel’s offered strong financial performance, best-in-class branding and outstanding locations in their respective competitive markets.

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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