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Concord Hospitality Sells Four Canadian Hotels to Genesis Hospitality

1 min reading time

Published on 23/11/11 - Updated on 17/03/22

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.

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