Colliers sales in 2019. Best Western SureStay comes to Salmon Arm. Westin Edmonton sold by Cushman & Wakefield for $60 million.
Colliers sales in 2019
TORONTO — Colliers International Hotels has announced the completion of 25 lodging transactions in eight Canadian provinces in 2019. Select transactions completed during the year are highlighted below.
Best Western SureStay comes to Salmon Arm
SALMON ARM, B.C. – The SureStay Plus Hotel by Best Western Salmon Arm has opened its doors in Salmon Arm, British Columbia, and invites travellers to experience one of the newest hotel brands in the industry – the SureStay Hotel Group. The SureStay Plus Hotel by Best Western Salmon Arm will provide guests with an experience they can count on and the amenities today’s travellers have come to expect. SureStay’s service promise reflects the brand and the hotel’s commitment to providing quality service and value to its guests.
Located at 61 10th St. SW, Salmon Arm, British Columbia, the hotel features 74 well-appointed guest rooms, complete with a flat-screen television, microwave and mini fridge. The SureStay Plus Hotel by Best Western Salmon Arm also offers an indoor pool and hot tub, complimentary hot breakfast and free wireless internet – providing guests with the superior comfort and utmost value they want out of their stay.
The property’s location is optimal for guests interested in exploring the nearby area as it is next to Lake Shuswap and within walking distance to the Salmon Arm Wharf, the Chances Salmon Arm Casino, The Mall at Piccadilly with over 40 shops and services, the shops at Centenoka Park Mall and Blackburn Park.
“This property is a wonderful example of what the SureStay family of brands has to offer,” adds Allan Seigel, regional director of SureStay Hotel Group. “The group behind this hotel has delivered a quality product that will bring a trusted travel experience to their guests, and will undoubtedly be a welcome lodging option in British Columbia.”
“Guests of our charming hotel will enjoy our friendly customer service and superior accommodations at an affordable price,” said Tess Mann, general manager of the SureStay Plus Hotel by Best Western Salmon Arm. “Travellers visiting Salmon Arm can be sure about their stay at our hotel.”
Westin Edmonton sold for $60 million
EDMONTON — Cushman & Wakefield Global Hospitality acted as the exclusive advisor to the ownership entity led by Starwood Capital Group in the successful sale of the Westin Edmonton. This hotel commands a strong track record of performance in its exceptional downtown location.
Toronto’s Curtis Gallagher, with Ian Newman of Cushman & Wakefield Edmonton, completed the sale of Starwood Capital Group’s (Starwood) Westin Edmonton hotel for $60 million. This transaction marks the fifth hotel in Starwood’s portfolio the Canadian hotel investment team has sold on their behalf, for a combined total of $1 billion.
The Westin Edmonton was built in 1974, with an expansion in 1980. In Alberta’s capital city, the hotel is located in the heart of downtown and is just steps away from the North Saskatchewan River Valley Park, Arts District and surrounding restaurants, shopping and entertainment. The hotel is the largest in Edmonton, with 416 luxury guest rooms, and is a preferred venue for conference and social occasions with more than 26,000 square feet of event space, two food and beverage outlets and many other full-service amenities.
Sitting in the capital city of Alberta, this modern downtown Edmonton hotel connects with the Arts District and surrounding restaurants, shopping and entertainment. Guests can enjoy meals at Share Restaurant, workouts in the hotel fitness center or laps in its heated indoor pool.
Business travellers appreciate the Westin Edmonton’s high-speed internet access, in-room, ergonomic work stations and full-service business center. For meetings, special events and weddings, the hotel has 11 venues with 15 combinations and over 25,000 square feet of space. The Edmonton Convention Centre is just outside, and the Edmonton EXPO Centre is 10 minutes away.
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,…
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