
Plans Additional Canadian Hotel Investment and Third-party Management Opportunities
Concord Hospitality Enterprises, Inc., owner or operator of 11 hotels in Canada, today announced the sale of a portfolio of four Marriott-branded hotels (Residence Inn by Marriott Toronto Vaughan is pictured above) located in Ontario, Canada to Genesis Hospitality, a Manitoba-based private investment group. Under the sales agreement, Concord will continue to operate the hotels. Alam Pirani and Robin McLuskie from Colliers International Hotels and Louis Stervinou and Adam Greenstone from Eastdil Secured acted as exclusive advisors in this transaction.Concord Hospitality Enterprises, Inc., owner or operator of 11 hotels in Canada, today announced the sale of a portfolio of four Marriott-branded hotels (Residence Inn by Marriott Toronto Vaughan is pictured above) located in Ontario, Canada to Genesis Hospitality, a Manitoba-based private investment group. Under the sales agreement, Concord will continue to operate the hotels. Alam Pirani and Robin McLuskie from Colliers International Hotels and Louis Stervinou and Adam Greenstone from Eastdil Secured acted as exclusive advisors in this transaction.

