Marriot International (NYSE: MAR) has completed the largest hotel deal in Toronto history with the sale of the Sheraton Centre Toronto Hotel at 100 Richmond St. W in downtown Toronto.
An undisclosed buyer paid $335 million, or approximately $244,000 per room, to acquire the 1,372-room hotel located in Toronto's financial core. The deal eclipses the $298 million sale price netted by InnVest REIT in its sale of the nearby Adelaide Hotel Toronto to...
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