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WhereDaily News: InnVest REIT, KingSett Capital and Ivanhoe Cambridge Complete the Acquisition of the Fairmont Royal York Hotel
TORONTO, ONTARIO--(Marketwired - Feb. 2, 2015) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) and KingSett Real Estate Growth LP No. 5 ("KingSett"), announced today the completion of its previously announced joint venture acquisition from Ivanhoé Cambridge ("Ivanhoé Cambridge") of an aggregate 80% interest in the Fairmont Royal York Hotel in Toronto (the "Royal York Hotel"). Ivanhoé Cambridge retained a 20% interest in the property.
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