{"id":10081,"date":"2017-10-30T05:12:24","date_gmt":"2017-10-30T05:12:24","guid":{"rendered":"https:\/\/www.canadianrealestatemagazine.ca\/uncategorized\/toronto-hotel-sets-new-sales-record\/"},"modified":"2023-10-24T04:34:30","modified_gmt":"2023-10-24T04:34:30","slug":"toronto-hotel-sets-new-sales-record","status":"publish","type":"post","link":"https:\/\/www.canadianrealestatemagazine.ca\/market-update\/toronto-hotel-sets-new-sales-record\/","title":{"rendered":"Toronto hotel sets new sales record"},"content":{"rendered":"<p>Toronto\u2019s Sheraton Centre hotel has sold for $335 million, the largest ever single hotel transaction in Canadian history.<\/p>\n<p>The hotel was formerly owned by Marriot International and the deal with the new owner Brookfield Asset Management was brokered by CBRE Canada.<\/p>\n<p>\u201cWe are experiencing a record-setting hotel market in Canada, with Toronto a hotbed for much of this activity,\u201d noted Deborah Borotsik, Vice President of CBRE Hotels. \u201c2017 is set to break new records in terms of top line performance with Canada\u2019s strong economic growth driving business travel at the same time as a low dollar is spurring an increase in tourism.\u201d The sale of the Sheraton Centre comes during an exceptionally strong year for the hotel sector.<\/p>\n<p>The iconic 4-star hotel at the intersection of Bay Street and Queen Street has 1,372 guest rooms and over 130,000 feet of meeting and event space, making it the largest convention hotel in Toronto.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto\u2019s Sheraton Centre hotel has sold for $335 million, the largest ever single hotel transaction in Canadian history. The hotel was formerly owned by Marriot International and the deal with the new owner Brookfield Asset Management was brokered by CBRE Canada. \u201cWe are experiencing a record-setting hotel market in Canada, with Toronto a hotbed for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10081"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=10081"}],"version-history":[{"count":1,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10081\/revisions"}],"predecessor-version":[{"id":25811,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10081\/revisions\/25811"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=10081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=10081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=10081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}