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.
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.
