Kingston Four Points by Sheraton


  • 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.