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The hotelier is selling the site after 12 years of ownership.
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Four asset classes report $4.6B in new distress, with CyrusOne's data center adding to the rise in distressed commercial loans.
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Braemar sold the Four Seasons Resort Scottsdale for $1.8M per key, which it says will allow it to complete its breakup with its manager, Ashford.
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The Fletcher deal marks the second transaction by Sunday PropTech in the Netherlands in two months, following its purchase of a stake in Sircle Collection.
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Easton’s Group of Hotels / The Gupta Group just bought the Westin Bristol Place Toronto Airport on Dixon Road from Blackstone and is spending $9M on renos.
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Here are the top 10 things you need to know in real estate this week.
The Westin Prince Toronto has been sold to a mainland China-based buyer for $70M (or $177k per key).
The $42.5M acquisition of the 412-room Delta Lodge at Kananaskis by Pomeroy Lodging Group in September was Canada’s largest resort transaction since 2008.
Group Germain Hotels is set to start construction on a 15-floor Alt Hotel in Saskatoon, part of an extension to the city’s River Landing mixed-use development.
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The tug-of-war over Starwood could have some life in it yet.
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