TD Tower, Suite 2700
10088 - 102 Avenue
Edmonton, AB T5J 2Z1
Tel.780.420.1177

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 largest in Edmonton, with 416 luxury guest rooms, and is a preferred venue for conference and social occasions with more than 26,000 square feet of event space, two food and beverage outlets and many other full-service amenities.

Comments

Comments are closed.