Colliers Hotels, as exclusive advisor to St. Thomas Development Inc., is pleased to announce the successful sale of the 108,000 SF commercial podium at 80 Queen Street East to Sunray Group.
Strategically located within the vibrant 88 Queen East mixed-use development, the six-storey podium will be home to a 164-key AC Marriott Hotel, slated to open in 2026. The Hotel will feature a destination restaurant and a sophisticated lobby lounge, enhancing its appeal to both leisure and business travelers.
The Hotel’s interior design is being curated by internationally acclaimed firm Yabu Pushelberg, while the architectural vision for the four-tower 1.05 million SF campus has been realized by Hariri Pontarini Architects, further elevating the development’s profile in Toronto’s urban core.
This transaction marks a significant milestone in the evolution of Toronto’s hospitality landscape and underscores continued investor confidence in the city’s downtown market. We appreciate the complexity of this transaction and extend our sincere thanks to the St. Thomas Development team, led by Patrick Quigley, as well as the Sunray team, including Ray Gupta, Chairman & CEO, Kenny Gibson, President & COO, and Sandeep Gupta, President, Hotels.