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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

InnVest REIT Sells Diversified Eastern Canadian Hotel Portfolio to Glenwood Property Management

2016

Areas Commercial Real Estate, Corporate and Commercial, Hospitality Law, Litigation, Mergers and Acquisitions, REITs and Income Securities

Summary

Goodmans represented InnVest REIT and affiliated entities (collectively the Vendors) in their sale of a portfolio of Eastern Canadian hotels to Glenwood Property Management for approximately C$90 million. The portfolio included 14 hotels:

  • two Holiday Inns in Toronto and London, Ontario,
  • two Staybridge Suites in Guelph and London Ontario,
  • three Quality Suites in Toronto, Montreal and Quebec City, and
  • seven Comfort Inns: one in Kirkland Lake, Ontario, three in Rimouski, Riviere du Loup and Rouyn, Quebec, one in Bridgewater, Nova Scotia and two in Saint John and Campbellton, New Brunswick.