MISSISSAUGA — Temple Hotels Inc. announced in late June its intention to undertake a strategic review of the company. The board of directors has appointed CBRE Limited as financial advisor to assist in the process.
The strategic review seeks to evaluate the portfolio and operations of the company and may include partnerships, portfolio sales and related opportunities.
“We are seeking to determine the best path forward for Temple and believe it is prudent to analyze the company and its strategic opportunities at this time,” said chief financial officer Paul Miatello in a release.
Temple does not intend to disclose further developments or updates with respect to this process unless and until its board of directors approves a specific transaction or otherwise concludes the review of strategic opportunities.