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.
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.
Kingston has a new crown jewel in its hospitality sector as the DoubleTree by Hilton and Home2 Suites by Hilton Kingston, along with the Ambassador Event Centre and the Cannery Kitchen & Social, officially opened…
