Northland Properties acquires King Blue Hotel from Greenland Group Canada in downtown Toronto entertainment district
TORONTO and VANCOUVER, BC, September 29, 2021 / CNW / – Recognized as from Canada The most trusted name in hotels, restaurants, resorts, sports entertainment and construction, Northland Properties today announced the acquisition of the King Blue Hotel of Greenland Canada. Designed to have a striking impact at from Toronto famous King’s corner St. West and Blue Jays Way, this new upscale, contemporary-modern boutique hotel is in the final stages of construction and is slated to open this fall.
“Northland’s acquisition of the King Blue Hotel is a great addition to our family portfolio of hotels, restaurants, resorts and sporting assets. “With an existing collection of 60 hotels in five countries, this impressively constructed hotel serves as a historic expansion at an important address in from Toronto Entertainment district “, noted Tom gaglardi, CEO of Northland Properties Corporation.
Designed to the highest quality standards, the King Blue Hotel is located in the seven-story tower of the King Blue Condominium complex. Tribute to the city center from Toronto Deep-rooted history, the hotel’s exterior facade encompasses the original six floors of the Canadian Westinghouse Company Building built in 1927.
“We are delighted to have completed the last step of this exciting development and wish Northland the best of luck with the hotel.” “This is a special location in such a culturally vibrant city, and the hotel will be a great addition to the Toronto market for business and leisure travelers, ” noted Henry Cao, Managing Director of the Greenland Canada Group. “Greenland is proud of its first project in Canada be recognized by a market leader like Northland Properties. We hope to continue to develop and deliver more properties in Canada. “
Perfect for both business and leisure travel, guests can expect an unforgettable experience while staying at the King Blue Hotel with 118 beautifully designed luxury guest rooms and suites, a future premium on-site restaurant, Fully equipped modern meeting and social and leisure facilities next to a rooftop terrace perched above the city center with views of King Street West and Blue Jays Way.
Blake, Cassels & Graydon LLP acted as legal counsel for Greenland and Stikeman Elliott LLP represented Northland. Colliers Hotels acted as exclusive real estate advisers in this transaction.
About Northland Properties Corporation
Northland Properties is proud to be 100% owned by the Gaglardi family in Canada, with assets across Canada, Great Britain, Ireland and the United States, headquartered at Vancouver, British Columbia. Northland Properties Corporation is the force behind brands such as Sandman Hotel Group, The Sutton Place Hotels, Moxie’s Grill & Bar, Denny’s Restaurants, Chop Steakhouse & Bar, Shark Club Sports Bar & Grill, The Dallas Stars, Revelstoke Mountain Resort, Grouse Mountain Resort and the Northland Asset Management Company.
About the Greenland Group
Since its founding in 1992, Greenland Holding Group Co., has established a diversified structure through industrial and financial operations, with an emphasis on real estate. In addition to real estate, Greenland Group is active in other sectors including finance, infrastructure construction, international trade, energy resources, etc. This quest for excellence in several sectors has enabled the Greenland Group to rank 142nd in the 2021 Fortune Global 500 ranking.
SOURCE Northland Properties
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