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International

SAMM Developments expands Canadian presence

Steve McLean Commercial Development National Mar. 30 2020

SAMM Developments is a company with its roots in Turkey, but it has steadily been purchasing Canadian hotel assets since first acquiring four Toronto-area hotels in 2013. SAMM is a division of Ankara-based Akman Holding. It set its sights on

Melcor announces staff, salary and dividend reductions

RENX Staff Residential Market Trends International Mar. 26 2020

Melcor Developments (MRD-T) and Melcor REIT (MR-UN-T) are reducing investor payouts, executive and staff salaries and laying off about 25 per cent of their employees in response to the “unprecedented economic challenges” being presented by the COVID-19 virus pandemic. In a release issued

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