HospitalityMergers & Acquisitions

Knightstone Acquires Sheraton Gateway Hotel in Toronto International Airport from Marriott

Hotel to undergo extensive renovations MISSISSAUGA, ON–Knightstone Capital Management Inc., through an affiliated entity, have acquired the Sheraton Gateway Hotel in Toronto International Airport from an affiliate of Marriott International Inc. for approximately $130 million CAD. The Sheraton Gateway Hotel is located within Terminal 3 of the Toronto Pearson International …

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HospitalityPaymentsPayments Business May-June 2019

Serving modernized payment solutions

By Patrick Diab The hospitality industry is undergoing significant changes as consumer tastes evolve, and savvy competitors enter the market with creative and digital ways to serve customers. Statistics from 2018 estimate that accommodation and food services generate over $110 billion in revenue per year for the Canadian economy1. Recent …

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HospitalityPaymentsPayments Business May-June 2019

Managing Hospitality Payments: Doors to opportunities

By Daniel Krisch With more than 8,100 hotels operating in Canada today, hotel managers face a critical task in balancing the dynamic between providing a highly personalized guest experience for customers and offering them an array of self-service tools for an easier and more comfortable individual hotel experience. Self-service applications …

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