Download - Novotel Toronto Centre Flyer - f.tlcollect.comNovotel brand and Accor Hotels management in place. Accor Hotels is one of the world’s leading hotel operators and European market leader.

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Page 1: Novotel Toronto Centre Flyer - f.tlcollect.comNovotel brand and Accor Hotels management in place. Accor Hotels is one of the world’s leading hotel operators and European market leader.

NOVOTEL TORONTO CENTREDowntown Toronto Investment Opportunity

Page 2: Novotel Toronto Centre Flyer - f.tlcollect.comNovotel brand and Accor Hotels management in place. Accor Hotels is one of the world’s leading hotel operators and European market leader.

Standard Room - One King

Stage Door Lounge Lobby

Cafe Nicole

Page 3: Novotel Toronto Centre Flyer - f.tlcollect.comNovotel brand and Accor Hotels management in place. Accor Hotels is one of the world’s leading hotel operators and European market leader.

PROPERTY

Address:Hotel: 45 The Esplanade, Toronto, ONCommercial 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

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UNION STATION

HarbourfrontPark

HarbourSquare Park

St. JamesPark

BerczyPark

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GE STREET

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VICTO

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STREET

York Street

EMILY STREET

OKEEFE LA

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ST. ENO

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SHUTER STREET

QUEEN STREET WEST QUEEN STREET EAST

RICHMOND STREET EARICHMOND STREET WEST

ADELAIDE STREET WEST

Bay StreetBAY STREET

BAY STREETH

ARBO

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ARE

King Street West

Wellington Street East

Front Street West

GARDINER EXPRESSWAY

HARBOUR STREET

QUEENS QUAY WEST

QUEENS QUAY EAST

LAKESHORE BOULEVARD EASTGARDINER EXP

GRAND TRUCK CRESLAKESHORE BOULEVARD WEST

STATION STREET

Front Street West

BREMNER BOULEVARD

YORK STREET

YORK STREET

EXPRESSWAY

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LOMBARD STREET

ADELAIDE STREET EAST

WELLINGTON STREET EAST FRONT S

THE ESPLANADE

KING STREET EAST

TREET

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BERTI STREET

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RENFREWPLACE PULLAN PLACE

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LOW

ER SIMCO

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NELSON STREET

COURT STREET

COLBORNE STREET

SCOTT LANE

ALBERT STREET

HAGERMAN STREET

TEMPERANCE STREET

PEARL STREET

SHEPPA

RD STREET

PATH

PATH

PATH

ENTERTAINMENTENTERTAINMENTTERTAINMENTTTTTTENTENT TTTSTRICTCTCTDISDISTRICTI

WATERFRONTWATERFRWATERFR

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EXCEPTIONALLY LOCATEDIn 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 LINEMarket 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 FACILITIESStrong 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 ENHANCEMENTSThere 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 & MANAGEMENTThe 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 UPSIDERepositioning 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

Page 4: Novotel Toronto Centre Flyer - f.tlcollect.comNovotel brand and Accor Hotels management in place. Accor Hotels is one of the world’s leading hotel operators and European market leader.

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 [email protected]

Deborah Borotsik *Vice President+ 1 416 815 [email protected]

Casey Gallagher *Senior Vice President+ 1 416 815 [email protected]

Raymond Chan **

Broker+ 1 416 815 [email protected]

FOR MORE INFORMATION PLEASE CONTACT:

* Sales Representative ** Broker