Mishorim Completes King Edward Buyout

15th March 2010 (Last Updated March 15th, 2010 18:30)

Mishorim Development Group has completed its $48m acquisition of the Le Méridien King Edward Hotel in Toronto, Canada. The group's subsidiary, Skyline International Development, signed the agreement to buy the 298-room hotel in 2009, according to globes.co.il. The

Mishorim Development Group has completed its $48m acquisition of the Le Méridien King Edward Hotel in Toronto, Canada.

The group's subsidiary, Skyline International Development, signed the agreement to buy the 298-room hotel in 2009, according to globes.co.il.

The 55,000m² five-star hotel has a free area of 16,000m², which will be developed by Mishorim for commercial use.