The sale of two large hotels in Edmonton, AB, was announced on Thursday.
The 136-room Courtyard by Marriott Edmonton West and 103-room Hampton Inn & Suites by Hilton Edmonton West, part of Platinum Investments’ Edmonton Focused-Service Portfolio, have been sold to Genesis Hospitality Inc.
The hotels are situated adjacent to each other on a large 6.55 acre site in a vibrant West Edmonton location.
The double acquisition by Genesis Hospitality adds to the 11 strong portfolio the company currently operates across Canada.
The sale by Platinum Investments was advised by Colliers International Hotels.
They described the portfolio as offering “an excellent opportunity to acquire two established and well-maintained focused-service assets in a major Canadian market, with strong management and operational synergies.”