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 and Eastdil Secured have announced the sale of the InterContinental Montreal Hotel on behalf of Pandox AB to Groupe Mach.
The iconic 357-key luxury hotel is located across the street from the Montreal Convention Centre and is connected to Montreal’s World Trade Centre, a full city block shopping centre and commercial complex.
The Property is complemented by two upscaled food & beverage outlets and over 25,000 square feet of expansive event space, as well as an indoor swimming pool, fitness centre, business centre and Club InterContinental Lounge.
Over the coming months, Groupe Mach plans to implement a major investment plan to bring the Hotel up to the highest standards of quality and luxury.
Mach’s acquisition of the InterContinental Montreal Hotel adds to the group's holdings of over 240 properties.
"The InterContinental Hotel is a real estate asset with incredible potential. In the coming months, we will be implementing a major investment plan to bring the hotel up to the highest standards of quality and luxury. Beyond this acquisition, we are proud to have a team of more than 220 experienced employees join our large family, recognized for their outstanding service for which the InterContinental is renowned," said Vincent Chiara, president and founder of MACH.
Built in 1991, the InterContinental Hotel, located at 360 St. Antoine Street West in Montreal, consists of two buildings. The newer building, a single 26-story tower, is primarily comprised of guest rooms and suites, while the older Nordheimer building, dating back to 1888, houses conference and event space.
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…