representative work

Cassels Acts for the Majority Shareholder in the $75.75 Million Purchase of the Edwards Hotel (Markham) and the Edwards Hotel (North York)


On December 11, 2017, Cassels completed agreements on behalf of the majority shareholder 2608390 Ontario Inc. for the purchase of the Edwards Hotels in Markham from 2475933 Ontario Inc. and in North York from 2608388 Ontario Inc. for a total purchase price of $75.75 million. Our work included the negotiation of agreements with minority shareholder Sunray Group and Ray Gupta.

The Cassels team included Jason Arbuck and Aly Somani (Hospitality and Business Law), Raivo Uukkivi (Real Estate & Development), Bryan Woodman (Financial Services) and Ardy Mohajer (Real Estate).