Blackstone Group is reportedly planning to sell DoubleTree hotels in three European cities for about $1.1 billion.
The property has 203 suites and more than 6,000 square feet of meeting space, as well as a signature restaurant, indoor pool and more.
The properties include locations in Ontario, Quebec, Nova Scotia, New Brunswick, Newfoundland and Labrador and Prince Edward Island.
The hotel has 66 guestrooms and 400 square feet of meeting space as well as an outdoor pool, a spa and a fitness center.
The REIT is considering selling the 250-room hotel to repay debt and settle transaction costs.
A joint-venture partnership recently began construction on the 120,000-square-foot, 151-room hotel.
Madrid-based Iberostar Hotels & Resorts is all set to make its U.S. debut with hotels in New York City and Miami.
Room rates and occupancies are increasing, boosting the city's appeal for Ireland's largest hotel operator.
The hotel has 147 guestrooms, a bar and elevators with photo booths and props.
The property was acquired by an affiliate of McNeill Hotels, and will be managed and operated by McNeill Hotel Company.