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Deerhurst Resort in Huntsville has been put up for sale just weeks
after it played host to world leaders at the G8 Summit.
The
owners have put the resort on the market for an undisclosed price.
They say the time is ripe to attract international investment in
Canada's real-estate sector.
Bill
Stone, executive vice-president of CB Richard Ellis Hotels said
“This is a strategic sale. They didn't have to sell at this
point.”
Huntsville and the surrounding region saw more than $50 million in
infrastructure upgrades in the months leading up to the G8 Summit.
That included repaving the road to the swanky resort.
The
resort was purchased in the 1990s by its current owners - a
numbered Ontario company, Cornerstone Real Estate Advisers LLC and
MassMutual Financial Group.
The
resort has 400 rooms, two 18-hole golf courses, a 40,000 square
foot meeting and exhibition space and 3,000 foot long airstrip. |