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Category: Commercial

AHIP to sell 45 U.S. economy hotels for $285M

Don Wilcox Commercial Transactions International Jul. 30 2019

American Hotel Income Properties REIT (HOT-UN-T) is selling its 45 “economy lodging” hotels to U.S.-based VCM Ltd., as AHIP zeroes in on what the trust’s management considers the more profitable premium hotel brands sector.  The $285-million transaction (all figures Cdn),

Kevric JV to acquire Montreal’s 600 de la Gauchetière

RENX Staff Commercial Transactions Greater Montreal Jul. 29 2019

Kevric Real Estate Corporation says it will purchase one of Montreal’s most iconic office towers, the 28-storey National Bank building at 600 de la Gauchetière West. Kevric, which has offices in Montreal and Toronto, said it is making the purchase with

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