Skyline purchases Deerhurst Resort

March 2, 2011

On March 2, 2011, Skyline Deerhurst Resort Inc. purchased Deerhurst Resort, located in Huntsville, Ontario, which was the site of the G8 Summit in June 2010, from 1279342 Ontario Limited for $26 million.

The purchaser financed the transaction with a loan from Romspen Investment Corporation, as trustee, which was secured, inter alia, by a first mortgage over the property.

1279342 Ontario Limited was represented by Miller Thomson with a team comprised of Max Maréchaux and Jason Alexander (commercial real estate), Hugh Dyer (labour and employment) and Max Spearn (corporate).