- What The Insignia Hotel in Sarnia, Ont., is on the block for $25m
- Why The valuation for the 84-suite hotel is $298,000/room
- What next Avison Young’s hospitality group has the assignment
A boutique hotel in southwestern Ontario is on the block for $25m, Green Street News can reveal.
Avison Young’s hospitality group has the assignment for the Insignia Hotel, in Sarnia, on behalf of a private owner. The valuation for the 84-suite hotel is $298,000/room.
The hotel is part of the Tribute Portfolio, a premium-service brand under the Marriott International flag. The vendor acquired the property in 2015.
Previously known as the Drawbridge Inn, it opened as the Insignia Hotel in 2019 following a multimillion-dollar renovation. It was part of Choice Hotels Canada’s Ascend Hotel Collection but rebranded in 2021.
The hotel has an indoor pool, a fitness centre, and meeting and event space. The Legacy Restaurant and Regners Tudor Lounge are on site.
At 283 Christina Street North, the Insignia Hotel is within 2 km of Highway 402, the Blue Water Bridge and the Canada-U.S. border. Sarnia Chris Hadfield Airport is 8 km from the hotel.
Sarnia is approximately 93 km from London and 255 km from Toronto.
Marriott International’s portfolio includes over 9,360 hotels in 144 countries. Anthony Capuano is president and chief executive of the Bethesda, Md.-based company.
