Largo secures $45M in acquisition financing for Fairmont Vancouver Airport

TORONTO — The Largo Group of Companies has secured $45 million in acquisition financing for the Fairmont Vancouver Airport, it was announced Nov. 15.

TORONTO — The Largo Group of Companies has secured $45 million in acquisition financing for the Fairmont Vancouver Airport, it was announced Nov. 15. 

Developed in 1999, the hotel features 386 guestrooms, approximately 10,000 square feet of meeting space, and is located on the grounds of the Vancouver International Airport. Recently the hotel was voted the number one airport hotel in North America for a third consecutive year. 

Kevin Heiss, managing director of The Largo Group of Companies, arranged a loan with a 10-year, fixed rate term and a 17-year amortization through one of Largo’s correspondent life insurance companies.