Cadillac Fairview Acquires 100% Ownership of The Ritz-Carlton, Toronto
Cadillac Fairview is pleased to announce it has acquired the interest
of Simcoe Wellington Hotel Limited Partnership, making it the 100%
owner of The Ritz-Carlton, Toronto. As part of this transaction,
Marriott International will continue to operate the hotel under The
Ritz-Carlton brand.
"As one of the original developers of The Ritz-Carlton, Toronto, we
are proud to increase our ownership interest in one of Toronto's premier
luxury hotels," said John Sullivan, President and CEO, Cadillac
Fairview. "Located at the intersection of the financial, entertainment
and waterfront districts, we view The Ritz-Carlton, Toronto hotel as a
strong complementary asset to our office portfolio in the vicinity,
including Simcoe Place, RBC Centre and one future office site at 160
Front St."
Opened in February 2011, the 53 story building comprises 20 floors
featuring 263 luxury rooms, 33 floors dedicated to private Ritz-Carlton
Residences and fine dining options at TOCA, DEQ Terrace and Lounge and
the Ritz Bar. The Ritz-Carlton, Toronto is recognized as one of the top
luxury hotels in Canada, as demonstrated by its Forbes Five Star Award
& CAA/AAA Five Diamond Award. The hotel is a preferred location in
the luxury group market for high profile meetings, with 13,000 square
feet of meeting space, and is recognized as the main luxury hotel hub
for the entertainment business for the Toronto International Film
Festival activities.
In addition to its premier meeting facilities and restaurants, the
hotel is well known for its spa, Spa My Blend by Clarins, which has been
awarded Travel+Leisure #1 Hotel Spa in the world, Forbes Four Star
Award, and CAA/AAA Four Diamond Award. It also offers an exclusive
luxury club floor, with complimentary culinary selections and a
dedicated concierge.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
