The Le Meridien King Edward Hotel is operated by Starwood Hotel & Resorts.

(Source: Globes)

Mishorim Development Ltd. (TASE:MSHR) notified the TASE that it has bought the Le Meridien King Edward Hotel in downtown Toronto for C$52 million. The purchase was made through Skyline Executive Acquisitions Inc. a unit of Skyline International Development Inc.

Skyline deposited C$500,000 as a deposit with the signing of the contract, which will be returned if the deal is not closed.

Read Hillel Koren’s full article “Mishorim unit buys five-star Toronto hotel” in Globes (October 5, 2009).

Developments featured in this article

More Like This

Facebook Chatter