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 sales in 2019. Best Western SureStay comes to Salmon Arm. Westin Edmonton sold by Cushman & Wakefield 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.
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.
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