Beechwood Real Estate Advisors has announced that it acted as the exclusive advisor in the sale of the Holiday Inn Express & Suites Belleville.
The 80-room, limited-service hotel reportedly garnered interest from a qualified, experienced buyer thanks to its excellent condition, with almost $2 million invested to elevate the property to the Holiday Inn Express Formula Blue design in 2018.
The hotel is a RevPAR leader in the market and extremely well-located in the heart of Belleville, ideally situated along Highway 401, midway between Toronto and Ottawa.
The Ontario government has given the green light to Niagara Parks Commission (NPC) to redevelop the Toronto Power Generating Station (TPGS) into a five-star boutique hotel near the brink of Niagara Falls.
Mundi Hotel Enterprises Inc. has added a prominent property to its portfolio with the acquisition of the hotel component in Highline Metrotown, a mixed-use tower in Burnaby, British Columbia.
Taylor Swift’s Eras Tour kicked off its Canadian leg on November 14, 2024, at Toronto’s Rogers Centre, the first of six sold-out performances that will draw tens of thousands of fans nightly.
As 2024 progresses, the Canadian hotel industry is navigating a shifting economic landscape characterized by inflation, fluctuating interest rates, and moderated demand growth. Cushman & Wakefield’s latest report,…
