Holiday Inn Mississauga Toronto West sold

TORONTO—Colliers International Hotels has announced the sale of the 138-room Holiday Inn Mississauga Toronto West for $8.85 million.

TORONTO—Colliers International Hotels has announced the sale of the 138-room Holiday Inn Mississauga Toronto West for $8.85 million.

The Holiday Inn Mississauga Toronto West is close to local business and leisure demand generators as well as Toronto Pearson International Airport, Canada’s busiest airport, which, in 2013, handled 36.1 million passengers. In addition, the hotel benefits from its location at the intersection of Hurontario Street and Britannia Road East, offering high visibility as well as easy access across the City of Mississauga and the Greater Toronto Area.

The property received interest from a range of investor groups and was purchased by a local private investor, according to a release.