Brookfield Asset Management C$335 million acquisition of The Sheraton Centre Toronto Hotel

3/11/2017

Real estate acquisition

Value:

C$ 335 million

Status:

Announced

Date:

3/11/2017

Overview:

Brookfield Asset Management has acquired The Sheraton Centre Toronto Hotel for C$335 million from Marriott International.
Marriott will continue operating the hotel.
The four-star hotel is located in the financial area of Toronto.
This is the biggest single hotel acquisition deal in Canada to date.

Katrin Kostadinova - Data analyst

Jurisdiction:

Canada

Deal type:

Real estate acquisition

Practice area:

Real estate acquisitions

Governing law:

Canada

Industry sector:

Real estate

Firms:

Goodmans

Party: Brookfield Asset Management (Acquirer)

Lawyers: Juli Morrow, Ken Herlin

Stikeman Elliott

Party: Marriott International (Seller)

Lawyer: John Leopold

Venable

Party: Marriott International (Seller)

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