Among
the noteworthy deals of the past week is Pandox AB selling the DoubleTree by
Hilton Montreal to an undisclosed buyer for approximately $59.17 million.
MONTREAL — Stockholm-based Pandox AB has sold the 595-key
DoubleTree by Hilton Montreal in Canada to an undisclosed buyer for
approximately $59.17 million (C$80 million).
The total transaction value was $70.3 million, but
approximately $11.1 million was deducted for structural investment needs. The
deal is expected to close in the second quarter of 2024. Pandox acquired the
hotel in 2008.
To download our list of deals from the past week in Excel
format, click here.