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.
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,…
