Innsights
Sukhdev Toor, Manga Hotels, and a family vision for the future
FEATURE PROFILE: Feature from the FALL 2024 ISSUE of STAY Magazine
News
CFO Capital provides structured financing for adaptive‑reuse projects
CFO Capital has provided structured financing for the conversion of Tower 1 of the Baymont by Wyndham Red Deer, Alberta into 88 units of residential apartments. Baymont by Wyndham Red Deed was formerly comprised of 2 towers totalling 233 guest-rooms.
The hotelier reportedly recognized a significant shortage in the rental market and capitalized on the opportunity by converting one of the two hotel towers into NestEra Living, an 88-unit rental apartment building consisting of 61 Studio / 6 small One Bedroom / 21 Large One Bedroom units leaving 125 number of guest-rooms for the Baymont Hotel with a shared podium.
