TORONTO, Jan, 14, 2014 /CNW/ - As reported by both CBRE Hotels and Colliers Hotels, Canadian hotel transaction volume spiked in 2013, with numbers that significantly surpassed year-end volumes from the past five years.
Cassels Brock is proud to announce that, as part of this industry boom, it represented hotel clients on transactions valued at over $1 billion in 2013, including the acquisitions of a multi-property Canadian hotel portfolio and two prominent boutique hotels in Toronto's entertainment district along with the acquisition financing for a major Toronto hotel.
"These recent successes along with an in-depth knowledge of the hotel industry has distinguished us as a leader in the hotel transaction market," said partner Jason Arbuck.
The Cassels Brock hospitality group has the expertise and insight needed to guide companies exploring hotel investment opportunities throughout Canada and abroad.
About Cassels Brock
Cassels Brock & Blackwell LLP (www.casselsbrock.com) is a leading Canadian law firm focused on serving the transaction, advocacy and advisory needs of Canada's most dynamic business sectors. The firm is regularly named at or near the top of Canadian and international corporate finance and M&A league tables, including Bloomberg, Thomson and MergerMarket, having acted on more than 500 significant deals over the past five years, including many of the country's largest and most complex transactions.
SOURCE: Cassels Brock & Blackwell LLP
For further information: Jason Arbuck, Partner, Cassels Brock & Blackwell LLP, [email protected] or 416-860-6889 or Lawrence Wilder, Partner, Cassels Brock & Blackwell LLP, [email protected] or 416-869-5750.