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NATIONAL HISTORIC SITE OF CANADA
WINNIPEG MANITOBAA RARE OPPORTUNITY TO ACQUIRE AN IRREPLACEABLE
HISTORIC HOTEL IN THE DOWNTOWN CORE IN ONE OF CANADA’S PREMIERE CITIES.
FOR SALE
THE FORT GARRY HOTEL | WINNIPEG, MB THE FORT GARRY HOTEL | WINNIPEG, MB
PROPERTY DETAILS Cushman & Wakefield Global Hospitality has been exclusively retained by ownership to market for sale the historic Fort Garry Hotel, Spa and Conference Centre (the “Hotel”) located in downtown Winnipeg, Manitoba, Canada. This full-service hotel is an iconic building within the city representing significant future potential via repositioning investment, global hotel brand affiliation and professional management.
INVESTMENT HIGHLIGHTSIrreplaceable Asset- there is a movement across the country from sophisticated public and private investors to generate
significant investment value by repositioning these iconic assets. Primary examples include the Fairmont Empress in Victoria,
Fairmont Hotel Vancouver, Fairmont Royal York in Toronto, Fairmont Queen Elizabeth in Montreal, etc.
Affiliate with Global Hotel Brand- the Fort Garry has never been affiliated with a major international hotel brand. Several major
international hotel companies offer a branding option for this hotel that could drive significant future revenue generation.
Insertion of New Management- a variety of different hotel management options could drive efficiencies boosting income
results. The Fort Garry has been run as a independent hotel by current ownership for the last two decades.
Sound Market Fundamentals- the general hotel market and economic profile of Winnipeg is healthy. There is significant real
estate investment across a variety of assets classes within the city’s downtown core.
Ample Availability of Debt- the availability of hotel debt is robust with several traditional and new lenders providing competitive
terms. Lenders are willing to incorporate a debt component that provides for asset repositioning.
• Built: 1913
• Storeys: 10
• Address: 222 Broadway
• Guest Rooms: 240
• F&B Outlets: 3
• Meeting Space: +33,000 sf
• Parking: 130 spots (including 65 covered)
• Spa: +16,000 sf
• Fitness Centre: +7,000 sf
• Union: Unifor
PROPERTY SNAPSHOT
CURTIS GALLAGHER*Vice President, Hotel InvestmentsGlobal Hospitality
Direct: +1 416 359 2567Mobile: +1 416 520 [email protected]
MOSHE ELYOVICH**Vice PresidentCapital Markets Group
Direct: +1 416 359 2375 [email protected]
SCOTT MacPHERSONManaging Director – CanadaCushman & Wakefield Structured Finance ULC
Direct: +1 416 359 2509Mobile: +1 604 720 [email protected]
CUSHMAN & WAKEFIELD ULC, BROKERAGE161 Bay Street, Suite 1500P.O. Box 602Toronto, ON M5J 2S1
CHRIS MACSYMICSenior Vice President
Direct: +1 204 928 5019Mobile: +1 204 997 [email protected]
BRETT INTRATER‡, B. Comm. (Hons.)Associate Vice President
Direct: +1 204 934 6229Mobile: +1 204 999 [email protected]‡Services provided by BIntrater Personal Real Estate Corporation
TAYLOR CALDWELL, B. Comm. (Hons.)Associate
Direct: +1 204 934 6237Mobile: +1 204 479 [email protected]
CUSHMAN & WAKEFIELD I STEVENSON55 Donald Street, Unit 200Winnipeg, MB R3C 1L8
©2019 CW Winnipeg Inc., Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance / Cushman & Wakefield ULC, Brokerage. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. *Sales Representative **Broker
