Niagara Falls Based Hotel Company To Purchase One of A Kind Muskoka Resort

Niagara Falls, Ontario (PRWEB) July 21, 2011

Located on picturesque Lake Rosseau in the heart of Ontario’s Cottage Country, the one of a kind Resort and Spa is Canada’s first JW Marriott Resort and Spa - the most elegant and luxurious brand within the Marriott Group of Hotels.

The Rosseau carries the brand’s reputation of orchestrating memorable experiences for the accomplished traveller, and provides an environment of simple elegance for every guest. Located in the heart of the Muskoka Lakes resort community of Red Leaves, just 2 ½ hours north of Toronto, the JW Marriott Resort combines approachable luxury with authentic, crafted and intuitive moments for the ultimate retreat. An adventurer's paradise, this scenic Canadian resort boasts an array of indoor and outdoor activities for all seasons. The luxurious resort features a year-round indoor-outdoor pool, exquisite stone fireplaces in each guestroom & suite and the acclaimed Spa Rosseau. One of only 45 JW Marriott’s worldwide, hallmarks of The Rosseau include classic, sophisticated design, and scrumptious Italian cuisine at Teca, which has been recognized by Where Magazine as one of Canada's Top 10 New Restaurants in 2009.

“We are proud that we will soon be adding The Rosseau JW Marriott to our portfolio of first class hotels. This is unquestionably Canada’s premier Resort and Spa. We consider this Resort as a flagship property within our group of hotels” said Michael DiCienzo, Vice-President of Development, Canadian Niagara Hotels Inc.

“We are very excited about the acquisition of this outstanding property by Canadian Niagara Hotels”, said Scott Allison, vice president, Canadian Operations for Marriott Hotels of Canada. “We have been working very closely with this highly regarded hotel and entertainment company through their ownership of two existing Marriott hotels in Niagara Falls and we share their commitment to service excellence and outstanding hospitality. We sincerely congratulate Canadian Niagara and their 3500 employees on this new addition to their portfolio.”

Richard Morawetz, a Managing Director of Alvarez & Marsal Canada ULC, said he is pleased with this outcome, as the receiver is confident that Canadian Niagara Hotels Inc. is well-positioned to maintain this premier property as an outstanding resort and conference destination.

CBRE Hotels acted as Exclusive Advisors to the transaction. Bill Stone, Executive Vice President, sees this as a strategic, landmark acquisition in one of Canada’s premier vacation destinations with terrific potential.

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