InnVest Hotels has divested its 50% ownership interest in Choice Hotels Canada (CHC) to Choice Hotels International. This marks the conclusion of our 32-year investment in the master franchisor entity and represents a significant milestone in our journey. The Choice Hotels Canada team and office will continue to operate in Mississauga, Ontario under the leadership of Brian Leon.
InnVest’s involvement with Choice Hotels Canada began in 1993, when InnVest’s predecessor, Journey’s End, entered a 50/50 joint venture with Choice Hotels International. That partnership laid the foundation for a long-standing and highly successful collaboration—one of the most enduring in the Canadian hospitality sector. Over the past three decades, InnVest Hotels worked together to grow and strengthen the Choice brand across the country.
As a long-term real estate owner, InnVest continually reviews its portfolio to unlock value and support future growth. The recent acquisition of Radisson by Choice Hotels presented a natural opportunity for both organizations to realign their strategies. While this transaction concludes our equity interest in the joint venture, it does not change our commitment to the Choice brand. We remain its largest franchisee in Canada and look forward to continuing our strong partnership and seeing CHC continued success.
KPMG Law LLP acted as legal advisor to InnVest Hotel on this transaction.