InnVest Hotels acquires The Algonquin Resort St. Andrews by‑the‑Sea, Autograph Collection and The Algonquin Golf Course
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
Colliers Hotels brokered the deal and CFO Capital has arranged acquisition financing for the sale of the Fairmont Hot Springs Resort in B.C. to Aldesta Hotel Group.
The resort sits on a total of 1,229 acres including 650 acres of excess development lands and reportedly sold for $40 million. From ski to golf, the 151-room resort (plus an additional 116 timeshare units over 19 buildings) has a unique amenity offering including all-season mineral hot springs featuring three outdoor pools (in addition to indoor pools), seven F&B outlets, three golf courses (two 18-hole courses and a nine-hole course), 14-run ski hill, expansive RV park (190 RV spots and 154 camping and tenting sites over 66 acres) and a host of other amenities and recreation.
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
The new owners of the famed Windermere House hotel and resort on Muskoka’s Lake Rosseau intend to revitalize the building and its amenities while preserving the property’s historical integrity.
Proactive Hospitality has acquired the Coast Osoyoos Beach Hotel, B.C. CFO Capital arranged acquisition financing for the deal.
Tribute Portfolio – part of Marriott Bonvoy's extraordinary portfolio of 31 hotel brands – continues to grow its global family of characterful hotels with Honeyrose Hotel Montreal, a Tribute Portfolio Hotel, the brand's…