Paramount Lodging Advisors completes the sale of Downtown Edmonton Crowne Plaza Chateau Lacombe

Aug 19, 2010 | Filed in: Press Releases | Transactions

August 23, 2010 | Vancouver, BC | Chicago, IL - Paramount Lodging Advisors (PLA) is pleased to announce the sale of the iconic Chateau Lacombe Crowne Plaza in Edmonton, Alberta, Canada, on behalf of Allied Hotels. The 307 room, 24 story, full service hotel was acquired by Chateau Lacombe Limited Partnership for $47,800,000 - marking one of the largest hotel sales in Canada for 2010. Jim Mouzourakis, PLA’s Senior Managing Director in Canada, procured the buyer and facilitated the transaction.

“Mr. Mouzourakis was instrumental throughout the entire purchase and sale process; he led negotiations with the purchase and assisted with the due diligence and the various documentation involved in the transaction”
- Michael Chan, president of Allied Hotel Properties

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Featured: Jim Mouzourakis