Pacific Reach and Dilawri Group of Companies have acquired the 263-room The Ritz-Carlton, Toronto from Cadillac Fairview. The hotel opened in 2011 after being developed by Cadillac Fairview, Graywood Developments and The Ritz-Carlton Hotel Company.
Dave Barry and Aly Somani met while playing squash 10 years ago, a friendly competition that grew into the foundation for Richmond Asset Management. With its most recent acquisitions of two Windsor apartment buildings, Richmond's portfolio has topped $100M.
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