Westin Prince Toronto sold to Chinese real estate company for $70M

TORONTO — Colliers International Hotels announced in mid-September the sale of the 395-room Westin Prince Toronto on behalf of a private investor group to an established real estate company from mainland China for $70 million.

TORONTO — Colliers International Hotels announced in mid-September the sale of the 395-room Westin Prince Toronto on behalf of a private investor group to an established real estate company from mainland China for $70 million.

This CAA/AAA Four Diamond urban resort hotel is located just south of Highway 401 and west of the Don Valley Parkway, two major arteries that provide easy access to downtown Toronto and communities throughout the Greater Toronto Area. Situated on a 15-acre site, the hotel features amenities including 30,000 square feet of meeting space, four food and beverage outlets, a business centre, outdoor swimming pool and hot tub, fitness centre, and 625-space three-level parking structure, in addition to a number of on-site recreational pursuits and approximately 3 acres of prime excess lands.