Toronto based company buys Deerhurst Resort

Posted January 12, 2011 1:55 pm.

This article is more than 5 years old.

TORONTO, Ont. – A Toronto based company has purchased the Deerhurst Resort for what is considered a bargain price.

According to the Toronto Star, Skyline International Development is paying $26 million for the 431 room hotel in Huntsville.

It was sold for $21.2 million to Americans in 1998. Since then, more than $60 million has been put into upgrading the property, most of it ahead of last June’s G8 meetings.

Deerhurst is one of the largest resorts in Canada.

The deal is expected to close over the next 30 days.

Keep it Factual

Add CityNews Toronto as a trusted source on Google to see more local stories from us.

Submit a Correction

Accessibility Feedback

Top Stories

'Horrific': Toronto real estate CEO and family were victims in violent Bridle Path home invasion

The CEO of a Toronto real estate company and his two adult daughters were shot and beaten with hammers in a violent Bridle Path home invasion early Thursday morning.

31m ago

Portion of TTC Line 2 shut down twice due to trespasser at track level on Friday

A portion of Line 2 Bloor-Danforth came to a halt twice on Friday, causing delays for commuters first during the busy morning rush hour and then once again in the afternoon. The service disruption was...

2m ago

Ontario education minister to allow school board trustees to be sworn in

Education Minister Paul Calandra wants to ensure that trustees are in keeping with a code of conduct after finding out that some were planning on having meetings after being elected this past Monday.

2h ago

Family of First Nation woman who died amid lack of medical travel asks for OPP probe

The family of a northern Ontario First Nation woman who died after she couldn't get to crucial medical appointments following open-heart surgery has asked provincial police to investigate her death. Eva...

3h ago

Most Watched Today

2:59

Canada's time change gets confusing as some provinces ditch the 'fall back'

As more provinces make a permanent switch to daylight saving time this weekend, Canada's time change is getting confusing. Brandon Choghri with how the changes could impact millions of Canadians.

22h ago

2:29

Actor Patrick Stewart passes away at age 86

Actor Patrick Stewart has passed away at the age of 86 following a brief battle with Alzheimer’s disease and Lewy Body Dementia. Sara Sidner looks back at Stewart's legendary career.

22h ago

1:50