TRYP Hotel PUR Quebec City
Sales Date: May 2015
Keys: 242
Price: $12,950,000
Buyer: Hotel Pur Quebec LP
Cap Rate: 8.1%
This full-service property offers a quality guest room product, award-winning facilities and innovative architecture and design. Following its renovation and repositioning, the Hotel has received numerous awards and press accolades, including Condé Nast Traveller Magazine’s Hot List for “World’s Best New Hotels” as well as two architecture awards from the City of Quebec. The Hotel enjoys a superb location in the newly revitalized Saint-Roch District, known for its restaurants, shops and restored commercial and residential buildings and is situated minutes from the 366,000 SF Quebec City Convention Centre, the Museum of Civilization, historic Old Quebec, Laval University and the University of Quebec, all of which provide a robust local trading area for year-round demand. The Property was sold to Hotel Pur Quebec LP.