Sutton Place Portfolio

Sutton Place Portfolio

Toronto, ON

Toronto, ON  July 17, 2012 - CBRE Hotels and Streetwise Capital acted as the exclusive advisor in the sale of the North American Sutton Place Hotel portfolio. These full-service hotels, located in Vancouver, Edmonton, Toronto and Chicago, totalled 1,574 rooms and were offered unencumbered by brand and management.

CBRE Hotels was able to canvass buyers from across North America, as well as internationally. Our brokerage team was able to source, negotiate and close the hotels with buyers that offered the right mix of capital, motivation and surety of closing. Further, the combined selling prices fell within 97% of our guidance.

CBRE Hotels Canada delivers the highest quality hotelier and hospitality commercial real estate services, covering every major market in Canada.