Ontario-based real estate company Sunray Group has added a high-profile hotel to its already-extensive portfolio of hotel properties: the Bisha Hotel in downtown Toronto.
The 96-room Bisha Hotel is located at 80 Blue Jays Way, between King Street W and Wellington Street W just two blocks north of Rogers Centre.
Sunray Group announced the acquisition last week, but did not disclose the sale price. STOREYS has learned that the sale price was $91 million, which translates to $947,917 per room.
The sale was brokered by Alam Pirani, Robin McLuskie, Fraser MacDonald, Jessi Carrier, Hamir Bansal, and Russell Beaudry of Colliers, also known as the Colliers Hotels Team.
The Bisha Hotel was originally developed by Toronto-based…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
Comprehensive Summarization: The U.S. Travel Association has released new research highlighting the potential economic benefits of the 2026 FIFA World...
Read moreDetails
