Skyline Buys Deerhurst Resort

8th March 2011 (Last Updated March 8th, 2011 18:30)

Skyline Hotels & Resorts has acquired the 425-room Deerhurst Resort in Muskoka, Canada. The hotel was bought from Connecticut's Cornerstone Real Estate Advisers, but the deal's details were not disclosed. The Deerhurst Resort, which spreads across 760 acres, offers 13,716

Skyline Hotels & Resorts has acquired the 425-room Deerhurst Resort in Muskoka, Canada.

The hotel was bought from Connecticut’s Cornerstone Real Estate Advisers, but the deal’s details were not disclosed.

The Deerhurst Resort, which spreads across 760 acres, offers 13,716m² of meeting venues, two 18-hole golf courses, a spa, a waterfront, a live stage show and a private airstrip.

The acquisition will focus on condominium potential and will offer 95 existing serviced residences.

Skyline has an ownership interest in 1,100 hotel rooms in Southern Ontario, Canada.