Toronto-based InnVest Hotels has divested its 50 per cent ownership stake in Choice Hotels Canada for $154M (all figures Canadian) to Choice Hotels International as the parent firm moves to expand and increase control of its international lodging holdings.
Francis Charron is bullish on downsizing baby boomers who don’t want to live in regular multiresidential developments, but also aren’t seeking seniors homes. In July, the president of EMD-Batimo Group began construction of the $76-million Lib Vaudreuil-Dorion.
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