"The Westin Montreal sale to Omni is an excellent example of a private hotel chain acquiring a property for strategic reasons.  This acquisition will provide Omni with a strong presence in Montreal," commented, Mark Gordon, Senior Vice President of Sonnenblick-Goldman Company. 

Steve Johnson, Senior Vice President of Development for Omni Hotels noted, "This is the top hotel in the city and is representative of the quality of hotels Omni owns."

The 300-room, luxury hotel is prominently located on Sherbrook Street across the street from McGill University and proximate to Montreal's business, shopping, cultural and tourist attractions.  The hotel has 2 restaurants, a fitness center, outdoor swimming pool, sauna, sun room, Jacuzzi, and 15,000 square feet of meeting space.  Built in 1976 to the design specifications of Four Seasons, Le Westin Mont-Royal is the recipient of the Canada Select Five Star Hotel Award.  Omni plans to invest approximately US$5,000,000 to improve the asset and to position the property as one of the premiere hotels in the brand. 

"The Montreal market will continue to show above average increases in average rate and occupancy.  The combination of that market with Omni's plans to renovate the hotel's facilities will result in an excellent long term investment for the company," added Gordon.

Sonnenblick-Goldman Company is the leading independent global real estate investment banking firm.  Founded in 1893 to serve the capital needs of the real estate industry, Sonnenblick-Goldman Company provides a full range of real estate financial services including debt and equity placements, joint ventures, institutional dispositions, and other real estate advisory services.  Headquartered in New York, Sonnenblick-Goldman Company maintains offices in Denver, Hong Kong, Los Angeles, Miami, San Francisco, Singapore, and Washington, D.C.