“It’s an amicable separation,” Levitan told The Star. “I’m burned out.” It’s been 11 years of getting the hotel project running. “I’m pulling back, and I’m making myself available upon request. I’m excited. This was a great change. Everybody’s happy, and it’s fantastic.”
Neil Labatte, a former Fairmont Hotels & Resorts acquisitions executive, is reportedly taking over as president. He was previously CEO of Legacy Hotels REIT, and principal of Global Dimension Capital, a Toronto-based advisory firm. [thestar.com]