This week, Oxford Properties Group announced its acquisition of The Rimrock Resort Hotel, a luxury-positioned property located four kilometres south of Banff, Alberta. According to an article by Bloomberg, the 333-room resort sold for $170 million or approximately $510,500 per room.
Oxford Properties Expands Its Rocky Mountain Footprint With Acquisition of Rimrock Resort Hotel
Confirms Growing Appeal of Hotels for Institutional Investors
By Laura Baxter
CoStar Analytics
June 16, 2023 | 8:48 P.M.
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- Companies
- Oxford Properties Group
Real Estate