Colliers Hotels has announced the sale of the Sheraton Ottawa Hotel to Sunray Group of Hotels. CFO Capital arranged acquisition financing for the transaction.
Located at 150 Albert Street, Ottawa, ON, Canada K1P 5G2, the Sheraton Ottawa Hotel has 236 guest rooms and suites, executive floor, 9,600 SF of meeting space, restaurant and lounge, indoor swimming pool, and fitness centre among other amenities. The property is positioned in the heart of Canada’s National Capital, close to Parliament Hill and government buildings, foreign embassies, and consulates as well as many corporate and leisure demand generators.
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,…
