Loeb & Loeb LLP advised an international private equity firm and its subsidiary, Leadon Investment Inc., in the acquisition of SilverBirch Hotels & Resorts, a portfolio of 25 upscale hotel properties across Canada, from British Columbia Investment Management Corporation, one of Canada’s largest institutional investors, in a CAD $1.1 billion all-cash transaction.
SilverBirch Hotels & Resorts is an award winning Canadian hotel operating platform. The 25-asset SilverBirch portfolio comprises 6,757 rooms across Canada’s 20 largest cities. The company manages hotels operating under major franchise brands, including Marriott, Hilton and Radisson, among others.
Loeb & Loeb LLP, together with Toronto-based Goodmans LLP, provided legal counsel in connection with the acquisition, with a cross-border team of attorneys led by regulatory and transactional partner Stephen H. Cohen
from Loeb & Loeb and real estate transactional partner Bram Green from Goodmans.