Cadillac Fairview acquires 100% ownership of The Ritz-Carlton, Toronto
On June 4, 2018, Cadillac Fairview announced that it acquired the interest of Simcoe Wellington Hotel Limited Partnership, making it the 100% owner of The Ritz-Carlton, Toronto. As part of this transaction, Marriott International will continue to operate the hotel under The Ritz-Carlton brand.
The Ritz-Carlton, Toronto, which opened in February 2011, is a 53 story building comprised of 20 floors featuring 263 luxury rooms, 33 floors dedicated to private Ritz-Carlton Residences and fine dining options at TOCA, DEQ Terrace and Lounge and the Ritz Bar. In addition to its premier meeting facilities and restaurants, the hotel is well known for its spa, Spa My Blend by Clarins, awarded Travel+Leisure #1 Hotel Spa in the world, Forbes Four Star Award, and CAA/AAA Four Diamond Award.
Cadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America.
Further information can be found on Canada Newswire's website.