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Archives > January 2020

2019 Edmonton Year-End Snapshot

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WESTIN EDMONTON HOTEL SOLD FOR $60M ON BEHALF OF STARWOOD CAPITAL GROUP

Toronto’s Curtis Gallagher, with Ian Newman of Cushman & Wakefield Edmonton, completed the sale of Starwood Capital Group’s (Starwood) Westin Edmonton hotel for $60 million. This transaction marks the fifth hotel in Starwood’s portfolio the Canadian hotel investment team has sold on their behalf, for a combined total of $1 billion. The Westin Edmonton was built in 1974, with an expansion in 1980. In Alberta’s capital city, the hotel is located in the heart of downtown and is just steps away from the North Saskatchewan River Valley Park, Arts District and surrounding restaurants, shopping and entertainment. The hotel is the… Read more »