Pacific Reach and Dilawri Group of Companies say they purchased The Ritz-Carlton in downtown Toronto for $247.7 million in a high-profile deal that comes as Canada's hotel industry shows signs of improvement.

"Marriott International will continue to manage the hotel under The Ritz-Carlton brand without disruption to operations," Pacific Reach and Dilawri said in a statement.

Pacific Reach and Dilawri paid approximately $247.7 million, or $941,650 per room, for the Ritz-Carlton, Toronto, according to CoStar data.

The seller was Cadillac Fairview, the real estate arm of the Ontario Teachers' Pension Plan that owned the hotel that is part of a mixed-use tower. The company could not immediately be reached for comment.

"The Ritz-Carlton, Toronto is a true luxury landmark in the heart of downtown," said Kap Dilawri, co-founder of Dilawri, in a statement.

The sale comes as the Canadian hotel market appears poised for an upswing. The average daily rate for hotels in Canada was $239.06 in June, according to CoStar data.

Improving national fundamentals

That represents a 2.9% increase from the same month in 2024. Revenue per available room, or RevPAR, was $180.77 in June, a 4.4% increase compared to the same period last year, according to CoStar.

CoStar News reported in June 2024 that the first 20 floors of the Ritz-Carlton at 181 Wellington St. W were being marketed for sale for $447 million. The floors contain 263 hotel rooms.

TORONTO, ON (July 24, 2025) -  is enhancing the guest experience through an exciting new partnership with for " ," a summer-long promotion running from July 16 to September 16, 2025. This innovative collaboration connects guests with the opportunity to win incredible prizes from premium partners like CIBC®, Aeroplan®, and Days Inn hotels across Canada.

The comprehensive promotion brings together an impressive network of partners to deliver exceptional value to Canadian consumers. Guests can enter for free through the or for their chance to win prizes ranging from free gas and groceries to a five-night hotel stay, and up to 250,000 Aeroplan points.

“We are thrilled to once again partner with our friends at Journie Rewards for this exciting summer promotion,” said Ally Wesson, Vice President of Marketing, Days Inns - Canada. “Fantastic collaborations like this further strengthen our brand awareness, while offering added value to Journie Rewards members and our valued Days Inn guests.”

The promotion leverages Journie Rewards' extensive reach, connecting with over 1.9 million members through their database and featuring prominently on their website, mobile app, and at more than 700 participating locations across Canada. Partner locations include On the Run, Pioneer, Fas Gas, Ultramar, and Chevron stations nationwide.

To maximize guest engagement, all Days Inn locations across Canada will receive complimentary display materials featuring a QR code that link directly to the promotion website, making it easy for guests to enter and learn more about available prizes. The campaign is further supported by targeted public relations, social media outreach, and paid digital media initiatives.

The grand prize draw is scheduled for September 24, 2025, giving participants multiple opportunities throughout the summer months to enter and increase their chances of winning.

MISSISSAUGA, ON – JULY 30, 2025 - Every Hotel Employee. Every Hotel. From Ontario to BC

As the world recognizes July 30 – World Day Against Trafficking in Persons, hotels across Canada are stepping up their commitment to safety and human rights by continuing to embrace Not In Our Hotel, a free training initiative designed to equip hotel staff with the knowledge to recognize and respond to signs of human trafficking.

Launched earlier this year in a joint initiative with provincial hotel associations from Ontario to British Columbia, the Ontario Restaurant Hotel & Motel Association (ORHMA) is pleased to share that the training has already reached hundreds of operators across the accommodations and foodservice sectors – and participation continues to grow. 

“ORHMA welcomes this collaborative initiative by the Provincial Hotel Associations, and we are proud to be part of this group fighting Human Trafficking. By working together, we can leverage our resources and provide necessary training, while sending a powerful message against these despicable and criminal acts occurring in our hotels. The project aims to support all Ontario hotels with the information and tools required to combat the illegal operations of Human Trafficking.” – Tony Elenis, President & CEO, ORHMA

Human trafficking is one of the fastest-growing crimes in Canada and with training, hotel employees can be a part of the solution. This is why more and more hotels are integrating Not in Our Hotel into their operational culture – not as a one-time action, but as part of a long-term commitment to safety and vigilance.

The training includes:

• Online modules for hotel staff, with certificates of completion
• Reference materials like posters and on-the-job guides
• Manager tools to support property-wide policy and awareness

The training is available at no cost to hotel owners, managers, and employees in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. Participation remains open, and associations continue to encourage hotels of all sizes to adopt the program.

This year’s observance of World Day Against Trafficking in Persons serves as a moment to reflect, recommit, and recognize the hotel sector’s growing leadership in this critical issue.

“Our Canadian hotels and their staff are known around the world for their incredible hospitality, but when it comes to human trafficking, we want criminals to know they're not welcome. The victims of human trafficking need our help, and your anonymous tips to Crime Stoppers can make a real difference. Please speak up, because the victims cannot.” - Linda Annis, Executive Director, Metro Vancouver, Crime Stoppers

For more information, email us your inquiries at This email address is being protected from spambots. You need JavaScript enabled to view it.. To access the FREE Not In Our Hotel training, visit

ARLINGTON, Va. – 23 July 2025 – Canada’s hotel industry reported year-over-year performance growth for the second consecutive month, according to June 2025 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

June 2025 (percentage change from 2024):

• Occupancy: 75.6% (+1.5%)
• Average daily rate (ADR): CAD239.06 (+2.9%)
• Revenue per available room (RevPAR): CAD180.77 (+4.4%)

Growth was lower than May, when RevPARgrew 5.1%.

Among the provinces and territories, Manitoba posted the highest increases in occupancy (+10.8% to 80.3%) and RevPAR (+21.1% to CAD143.65). The province’s ADR also rose 9.3% to CAD178.88.

Alberta recorded the only double-digit ADR lift (+14.2% to CAD247.42).

Among the major markets, Calgary posted the highest growth in each of the three key performance metrics: occupancy (+12.2% to 85.5%), ADR (+33.8% to CAD248.77) and RevPAR (+50.1% to CAD212.65). The market’s performance was helped by the Global Energy Show.

For more information about the company and its products and services, please visit www.costargroup.com.