Kingston Four Points by Sheraton

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  • Select acquired Four Points by Sheraton in Kingston Ontario with 169 rooms, 14,000 sf of function space, restaurant, underground parking.

 

  • Transaction was completed with Select’s partner Concord Hospitality, a leading developer and operator.

 

  • Hotel was family operated and presented opportunities for revenue management and sales activities.

 

  • Operating efficiencies and enhancement of public areas also part of strategy to improve performance.

 

 

Post Acquisition Performance kingston_2

  • Financial performance of hotel improved significantly.

 

  • Occupancy increased by 8.2% and RevPAR by 5.3% in first year of operation after acquisition.

 

  • Net operating income increased 122% in first year and further 17% in second year.

 

  • Ability to improve financial performance within short period demonstrates execution capabilities.

 

  • Independent appraisal showed 44% gain in two years over acquisition price and renovation cost.