Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels...

Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels is
Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels is
Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels is
Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels is
download Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels is

of 4

  • date post

    06-Jul-2020
  • Category

    Documents

  • view

    0
  • download

    0

Embed Size (px)

Transcript of Novotel Toronto Centre Flyer - f. Novotel brand and Accor Hotels management in place. Accor Hotels...

  • NOVOTEL TORONTO CENTRE Downtown Toronto Investment Opportunity

  • Standard Room - One King

    Stage Door Lounge Lobby

    Cafe Nicole

  • PROPERTY

    Address: Hotel: 45 The Esplanade, Toronto, ON Commercial Property & Parking: 35 The Esplanade, Toronto, ON

    Ownership Interest: Fee simple

    Year Completed: 1987

    HOTEL

    Guest Rooms: 262

    Food & Beverage:  Café Nicole – 98 seats, plus 40-seat private dining room

     Stage Door Lounge - 61 seats

    Function Space:  Approx. 8,288 sq. ft.

     Number of Rooms: 9

     Largest Room: 2,486 sq. ft.

    Other Amenities:  Indoor Pool

     Whirlpool

     Sauna

     Fitness Centre

     Business Centre

    COMMERCIAL PROPERTY

     7,403 sq. ft. ground fl oor retail

     17,578 sq. ft. second fl oor offi ce

    PARKING GARAGE

     446-stall three-level underground garage

    ASSET PROFILE

    CBRE has been exclusively retained by Old York Esplanade Hotels Ltd. and Olde Yorke Parking Enterprises Limited (the “Vendor”) in the sale of its fee simple interest in the 262-room Novotel Toronto Centre located at 45 The Esplanade (the “Hotel”) and leased commercial property (the “Commercial Property”) and underground parking garage (the “Parking Garage”) located at 35 the Esplanade, both in Toronto, (all three components, collectively, the “Property”).

    INTRODUCTION

    O SG

    O O

    D E STATIO

    N

    ST. A N

    D R

    EW STATIO

    N

    Q U

    EEN STATIO

    N K

    IN G

    STATIO N

    UNION STATION

    Harbourfront Park

    Harbour Square Park

    St. James Park

    Berczy Park

    U N

    IVERSITY AVEN U

    E

    T

    YO N

    G E STREET

    YO N

    G E STREET

    YO N

    G E STREET

    FREELA N

    D STREET

    LO W

    ER JA RVIS STREET

    VIC TO

    RIA STREET

    BO N

    D STREET

    CH U

    RCH STREET

    TO RO

    N TO

    STREET

    York Street

    EM ILY STREET

    O KEEFE LA

    N E

    ST. EN O

    CH S SQ

    U A

    RE

    SHUTER STREET

    QUEEN STREET WEST QUEEN ST REET EAST

    RICHMOND STREET EA RICHMOND STREET WEST

    ADELAIDE STREET WEST

    Bay Street BAY STREET

    BAY STREET H

    A RBO

    U R

    SQ U

    A RE

    King Street West

    Wellington Street East

    Front Street West

    GARD INER

    EXPR ESSW

    AY

    HARBOUR STREET

    QUEENS QUAY WEST

    QUEENS QUAY EA

    ST

    LAKESHORE BOULEVARD EAST GARDINER EXP

    GRAND TRUCK CRES LAKE

    SHOR E BO

    ULEV ARD

    WEST

    STATION STREET

    Front Street West

    BREMNER BOULEVARD

    YO RK STREET

    YO RK STREET

    EXPRESSWAY

    N

    LOMBARD STREET

    ADELAIDE STREET EAST

    WELLINGTON STREET EAST F RONT S

    THE E SPLA

    NADE

    KING STREET EAST

    TREET

    N U

    E

    JA M

    ES STREET

    G RA

    N D

    O PERA

    LA N

    E

    VIC TO

    RIA STREET

    BERTI STREET

    D U

    N CA

    N STREET

    ROAD

    MICHAEL SWEET AVENUE

    E STREET

    RENFREWPLACE PULLAN PLACE

    SIM CO

    E STREET LO

    W ER SIM

    CO E STREET

    LO W

    ER SIM CO

    E STREET

    NELSON STREET

    COURT STREET

    COLBORNE STREET

    SCOT T LAN

    E

    ALBERT STREET

    HAGERMAN STREET

    TEMPERANCE STREET

    PEARL STREET

    SH EPPA

    RD STREET

    PATH

    PATH

    PATH

    ENTERTAINMENTENTERTAINMENTTERTAINMENTTTTTTENTENT TTT STRICTCTCTDISDISTRICTI

    WATERFRONTWATERFRWATERFR

    ST. LAWSTST LA. LAWRENCEW EWWRENCEWRENCESSSS LLLLLALALA AMAAAARKETMMMMMMMAMAMA

    NCIALNANNFINA ROY

    THOMPSON HALL

    UNION STATIONTI

    N PHILLIPSN PHILLN PHILLNATHANATHANATHAANANAN SQUAREQ

    CITY HALL H

    RIPLEY’S AQUARIUM

    IN VE

    ST M

    EN T H

    IG HL

    IG HT

    S

    EXCEPTIONALLY LOCATED In the historic St. Lawrence neighbourhood in the heart of downtown Toronto. On the border of the Financial Core with some 24.4 million sq. ft. of office space and walking distance to Union Station.

    STRONG TOP LINE Market share of 103% to 107% in the past four calendar years. ADR improved 7.7% in 2015 and there is further rate upside through a guest room renovation and public space refresh.

    EXCELLENT FACILITIES Strong complement of facilities including a restaurant, lounge, self-contained meeting floor and recreation, coupled with commercial property and parking providing additional in-place income stream.

    VALUE ENHANCEMENTS There is an opportunity to re- purpose underutilized space, including creating a leased street-level coffee shop and enhancing meeting facilities to drive additional income.

    BRAND & MANAGEMENT The Hotel is being sold with the Novotel brand and Accor Hotels management in place. Accor Hotels is one of the world’s leading hotel operators and European market leader.

    INCOME UPSIDE Repositioning the retail space to achieve higher rental rates and fully leasing offi ce space, as well as exploring alternative parking operations or management in the near term provides potential for increased income.

    Novotel Toronto Centre

  • This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”) and to Starwood Hotels & Resorts Worldwide, Inc. and its affi liates (“Starwood”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates provided herein (the “Information”) has not been verifi ed by CBRE or Starwood, and neither party represents, warrants or guarantees the accuracy, correctness and completeness of the Information. Neither party accepts or assumes any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information acknowledges by receiving and reviewing this document that it does not contain all of the Information necessary to fully evaluate a purchase of the properties, and that the recipient must make its own inquiries to verify and satisfy itself as to all aspects of such Information and the properties, including by seeking advice from its own lawyers, accountants and third party consultants rather than relying upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affi liated or related companies in other countries. All other marks displayed on this document are the property of Starwood (including without limitation, the Starwood, Sheraton and Link marks) or their respective owners. All Rights Reserved.

    This is not an off er. Starwood shall have no legal commitment or obligations to any recipient unless and until a written purchase and sale agreement has been fully executed, delivered and approved by Starwood and any conditions to Starwood’s obligations under that document have been satisfi ed or waived..

    In no event shall, Starwood, CBRE or their respective offi cers, employees, contractors or agents be liable to any person for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use of or reliance on such Information. Any representations and warranties can only be made in a binding purchase and sale agreement as described above.

    Bill Stone ** Executive Vice President + 1 416 815 2371 bill.stone@cbre.com

    Deborah Borotsik * Vice President + 1 416 815 2347 deborah.borotsik@cbre.com

    Casey Gallagher * Senior Vice President + 1 416 815 2398 casey.gallagher@cbre.com

    Raymond Chan ** Broker + 1 416 815 2346 raymond.chan@cbre.com

    FOR MORE INFORMATION PLEASE CONTACT:

    * Sales Representative ** Broker