Toronto Marriott Courtyard sold for $99M

Courtyard by Marriott Toronto Downtown.

Courtyard by Marriott Toronto Downtown.

style=”float: none; margin: 0px;” src=”https://canadianlodgingnews.com/media/uploads/2015/09/23/65b5ab19b51cb8959fcb8d0e0f958057.jpg”>

TORONTO — Courtyard by Marriott Toronto
Downtown was sold for $99 million to a partnership between KingSett Capital and InnVest Real
Investment Trust. Colliers International Hotels announced the sale on Sept. 22.

The 575-room property is situated on a
1.5-acre at 475 Yonge St. near College Street.

The two-tower hotel features 14,000 square
feet of meeting space, underground parking, 4,600 square feet of retail space
and two restaurants.