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Toronto Hotel’s $86.5 Million Price Tag Is Based on Development Potential

Seller’s CEO Tells CoStar He Wanted to Take ‘Safe, Conservative Approach’ to Holdings During Pandemic

The Holiday Inn Toronto Yorkdale sold for $86.5 million. (CoStar)
The Holiday Inn Toronto Yorkdale sold for $86.5 million. (CoStar)

Easton's Group of Hotels has sold the Holiday Inn Toronto Yorkdale for $86.5 million, according to CoStar data, in a deal that reflects the consideration of different uses for hospitality properties as a result of the coronavirus pandemic.

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