OTTAWA — The Westin Ottawa hotel is up for sale, according to the Ottawa Citizen.
The Westin Ottawa is a 492-room property built in 1983 and has recently undergone a $50-million renovation to update its foyer, meeting rooms and convention space.
Starwood Capital has retained the services of Cushman & Wakefield to oversee the sale of the property. The sale of the Westin Ottawa is part of Starwood Capital’s ongoing sale of several Canadian properties, such as the Westin Hotels in Calgary and Edmonton, as well as the sale of Westin properties in Toronto and Vancouver in recent years.
No estimated value of the hotels has been given by the agent listing the properties.
The company collected between $350 and $400 million for the sale of the Westin Harbour Castle in downtown Toronto. It’s been reported that the Westin Bayshore in Vancouver sold for $290 million.
Starwood reportedly purchased all five of the Canadian properties in 2014 for $765 million.
The hotels all have long-term management contracts that will see them continue on as Westin properties after the sale to a new owner is complete.
