Acktion moves in on Revenue Properties

Article Abstract:

Toronto, Ont.-based Revenue Properties Company Ltd., which is a real estate developer, may be acquired by Acktion Corp. Toronto, Ont.-based Acktion, which is seeking a controlling interest in Revenue Properties, would probably pay about $68 million for the rival company.

Revenue Properties Company Ltd., Acktion Corp., D.RDE

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CP to sell two landmark hotels to Legacy REIT

Article Abstract:

Toronto, Ont.-based Legacy Hotels Real Estate Investment Trust will acquire two hotels from Canadian Pacific Ltd. for $305 million in cash and stock. Legacy Hotels will buy the Chateau Frontenac in Quebec City and the Empress Hotel in Victoria.

Diversified Companies, Canadian Pacific Ltd., CP, Legacy Hotels Real Estate Investment Trust

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Fairmont hopes to fetch $3-billion for 15 hotels

Article Abstract:

Fairmont Raffles Holdings is selling its key Canadian properties, which include 15 hotels, to become pure management company. Fairmont Raffle is expected to raise $3-billion from sales of 15 hotels.

Strategy & planning, Planning, Company acquisition/merger, Company business planning

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