Pacific Reach and Dilawri Group of Companies say they purchased The Ritz-Carlton in downtown Toronto in a high-profile deal that comes as Canada's hotel industry shows signs of improvement.
Investors buy The Ritz-Carlton, Toronto, plan to upgrade 'iconic' hotel
Pacific Reach, Dilawri Group pay $247.7 million for downtown property
By Garry Marr
CoStar News
July 29, 2025 | 10:07 P.M.
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IN THIS ARTICLE
- Properties
- The Ritz-Carlton, Toronto
181 Wellington St, Toronto, ON
- Companies
- Norton Rose Fulbright
Professional, Scientific, and Technical Services
- KPMG LLP
Professional, Scientific, and Technical Services
- CBRE
Real Estate
- Contacts
- Azim Jamal
Chief Executive Officer & Co-Founder, Pacific Reach Properties