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.
IHG Hotels & Resorts (IHG) has opened its first Canadian avid hotels property in Vaughan, Ont. Operating under the ownership of PI Cap, the avid hotel Toronto - Vaughan Southwest is the first of four planned properties across Canada for IHG’s newest Essentials brand.
Located 15 minutes from Toronto Pearson International Airport, the avid hotel Toronto – Vaughan Southwest introduces the brand’s “basics done exceptionally well at a fair price” promise to regional business and leisure travelers.
Each of the hotel’s 119 rooms are designed for reduced noise and sound sleep, and feature high-quality mattresses and linens, a choice of firm or soft pillows, and blackout roller shades. Guests additionally can enjoy grab-and-go options and fresh bean-to-cup coffee from avid hotels’ signature “Good all Round” breakfast bar, along with expanded in-room entertainment options through the IHG Studio technology platform.
“With more than 180 hotels currently open across the nation, and more than 40 in the pipeline, Canada remains one of IHG’s fastest-growing markets. We are honored to work with PI Cap to introduce the ‘just right’ experience of our avid hotels brand to the nation and the numerous travellers who visit Vaughan every day to enjoy the local attractions or conduct productive business. Additionally, this opening is just the beginning of what we expect will be positive and continuous growth for avid hotels across Canada,” says Jonathan Lund, regional vice president, Canada Franchise Performance Support at IHG Hotels & Resorts
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…