MISSISSAUGA, ON—Colliers International Hotels recently sold the 224-room Stage West All-Suite Hotel & Theatre Restaurant on behalf of Mayfield Suites Hotel Mississauga Limited Partnership to Northland Properties Corporation. The property represented a strategic opportunity for an investor to acquire a diverse asset in the Greater Toronto Area with excellent accessibility and exposure to other areas of the City. The HOTEL will undergo extensive renovations to become a Sandman branded property,
with two food and beverage outlets featuring a Denny’s Restaurant, as well as a Shark Club Sports Bar and Grill. In the interim the property will operate as the SW Hotel Toronto Airport.
In July, Colliers also announced the sale of the 170-room Fairfield Inn & Suites by Marriott Toronto Airport on behalf of Easton’s Group of Hotels Inc. The hotel is close to Toronto Pearson International Airport, as well as several major demand generators and Fortune 500 companies in the vicinity. Built to exceptional standards, the property was Marriott’s first Fairfield Inn & Suites in Canada, and offers extensive amenities and spacious guestrooms and suites. The hotel was sold to a private investor.