Chinese firm Bluesky in C$2.1b deal to buy InnVest

Deal will give Bluesky a stake in some of Canada's most historic hotels

Thu, May 12, 2016 - 5:50 AM

Toronto

BLUESKY Hotels & Resorts Inc, a closely held company backed by capital from Hong Kong, agreed to buy InnVest Real Estate Investment Trust for C$2.1 billion (S$2.2 billion), giving the Chinese firm a stake in some of Canada's most historic hotels and beachhead for expansion in...