KingSett's investment in hotels is focused on strategic assets in major urban downtown locations. Through our strategic partnerships, we use active management to reposition or redevelop properties into quality hotel assets by driving key hotel operating metrics such as occupancy, average daily rates (ADR) and revenue per available room (Revpar).
The Fairmont Royal York is a 1,363 room hotel located across from Union Station in downtown Toronto. This asset has recently undergone a major renovation program to update 1,100 suites, its meeting rooms and its lobby. It is owned in a joint venture with other institutional investors.
The Courtyard Marriott is a newly renovated 575 room hotel located near the intersection of Yonge and College streets in downtown Toronto. It is the largest full-service Courtyard hotel in the world.