CFO Capital has announced the arrangement of construction financing for a "syndication of institutional funds," for the ground-up development of the 227,000 SF, 12-storey mixed-use building which includes the new Staybridge Suites Hotel by IHG
The development includes a brand new Staybridge Suites Hotel by IHG, office and retail condominiums, with two levels of underground parking situated on a 1.76-acre parcel along Dixon Road within close proximity to the Toronto Pearson International Airport.
According to CFO Capital: When the odds were against the developer, they continued to sell the office/retail units during challenging times. Not only were they affected by increasing rates but also rising construction costs. CFO Capital has worked alongside the developer since the acquisition and renovation financing of the Holiday Inn Airport East Toronto in 2017, to the construction of the subject project on the abutting lands.
On October 29th and 30th, the 2024 Western Canadian Lodging Conference (WCLC) took place at the Hyatt Regency, Vancouver, B.C., bringing together over 300 hospitality leaders and stakeholders from across the industry to…
FEATURE PROFILE: Feature from the FALL 2024 ISSUE of STAY Magazine
The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada's hotel development pipeline, with key indicators suggesting an expansion phase is underway. The total pipeline has reached a…
Holiday Inn & Suites Parkway Conference Centre, St. Catharines, Ont. held a grand re-opening after its renovations—now double-branded with the addition of Staybridge Suites for extended stays.
