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Chinese Developer Sells Downtown Toronto Hotel to Vancouver Buyers

Facing Downgrade From Moody's, Greenland Canada Sells King Blue Hotel to Northland Properties
The King Blue Hotel has sold to a Vancouver company. (Northland Properties)
The King Blue Hotel has sold to a Vancouver company. (Northland Properties)
CoStar News
September 30, 2021 | 9:55 P.M.

Chinese developer Greenland Group Canada is selling its newly developed King Blue Hotel in downtown Toronto, a move that comes after Moody's Investors Service revised the outlook on its parent company to negative from stable.

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