Downtown Calgary Westin hotel up for grabs - solar street lights for sale
The Westin Calgary is on sale.
Centrally located hotel on Fourth Avenue and 3rd Street. W.
Bring to market with the Westin Edmonton and Ottawa.
Starwood Capital, which has owned the hotel since 2005, is seeking to sell the three hotels as a package or separately.
It's usually easier if you sell it to one (buyer), but the real driving force here is the certainty of earnings and closure with a mature investor, "he said. xa0xa0Gao Wei, real estate brokerage company is responsible for sales.
"If there are three eligible investors who personally pay more than the package we see, we will have three.
The Calgary Hotel has 525 rooms.
Andxa0"You can point to the light at the end of the tunnel and that's your advantage.
"So that's how we position our assets," he said . "
"It's still a positive asset in a place where cash flow is very good, but we recognize that there will be some benefits here.
"We deal with investors who understand where the market is and where the market is going," he said . ".
"We have a point that we can guide people if they think we're far away from them, but, often, people know what expectations are.
"Starwood Capital sold the Westin Hotel in Vancouver for $0. 288 billion, but he said the hotel also sold the hotel in Toronto last year. xa0Details of the closing price cannot be provided.
In 2014, the company acquired partners in Calgary, Edmonton, Ottawa, Vancouver and Toronto for $765million deal.