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WhereDaily News: InnVest REIT, KingSett Capital and Ivanhoe Cambridge Announce Agreement to Acquire the Fairmont Royal York Hotel
TORONTO, CANADA--(Marketwired - Oct. 28, 2014) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) and KingSett Real Estate Growth LP No. 5 ("KingSett"), announced today that they have entered into a definitive agreement with Ivanhoé Cambridge ("Ivanhoé Cambridge"), to acquire an aggregate 80% interest in the Fairmont Royal York Hotel in Toronto (the "Royal York Hotel") in a joint venture where Ivanhoé Cambridge will retain a 20% interest in the property.
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