Cadillac Fairview Acquires 100% Ownership of The Ritz-Carlton, Toronto

Cadillac Fairview | June 4, 2018

TORONTO, June 4, 2018 - 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 T...