Manga buys Crowne Plaza YYZ
TORONTO — Manga Hotels acquired its newest hotel, the 489-room Crowne Plaza Toronto Airport located at 33 Carlson Court in Toronto. It was formerly owned by Royal Equator which worked with Colliers to quietly sell off its three Canadian properties. In addition to the Crowne Plaza, these include Four Points by Sheraton Toronto Airport and Hilton Garden Inn Toronto/Mississauga.
“We are excited for this new addition to our portfolio. It’s a great property in a prime location," said Sukhdev Toor, CEO of Manga Hotels.
Crowne Plaza Toronto Airport is five
minutes’ drive from Pearson Airport (YYZ), with easy access to highways 27, 401, 407 and 427 plus shops,
businesses, restaurants and local attractions.
The hotel features a 24-hour business centre, fitness center, pool, sauna and hot tub, includes 23 suites and has 12 meeting rooms for a total of 12,000 square feet. It has flexible catering options and award-winning cuisine. Onsite restaurants include The Brasserie and Rendezvous Bar and Lounge.
Manga Hotels is a Mississauga based private company that currently operates 14 hotels under the Marriott, Hilton, Starwood and IHG brands and has multiple projects in the works in Canada and in the U.S.
The Four Points by Sheraton Toronto Airport has been bought by Easton's Group of Hotels. The hotel has 204 guest rooms, as well as 12,000-plus sq. ft. of conference space, lounge, pool, and fitness facilities. The Easton's Group of Hotels has a diversified business portfolio spanning hotels, event venues and residential development over the past 35 years.
Easton's president and CEO Steve Gupta says the full-service hotel provides "good synergy" with its Westin, Bristol Place and Holiday Inn hotels at Toronto Airport, and that the hotel will be upgraded.
New Element for the Four Points site
Gupta also plans to maximize the five-acre parcel of land the hotel is sitting on is right opposite Terminal 3 by building a 144-room, extended stay hotel, Element by Starwood. The zoning is in place and Easton's is just waiting for site plan approval from the City of Mississauga.
"We built the first two-branded hotel in Markham, and were the first pioneers in Canada. Now, we are doing a second one with Starwood," said Gupta.
The plan is to start construction on the Element hotel this fall, with a 2017 occupancy date projected.
Bayview Hospitality has bought the Hilton Garden Inn Toronto Mississauga. "This addition was strategic in nature because of cluster effect in operations with our neighboring Hilton affiliated properties," the company said on its website. The acquisition brings Bayview's total number of Hilton hotel properties to seven, including four Homewood Suites by Hilton, one Hampton Inn by Hilton, one DoubleTree by Hilton and the new Hilton Garden Inn, in locations ranging from Cambridge, Ont., to downtown Toronto.