Pacific Reach and Dilawri completed the acquisition a hotel property in Toronto from The Ritz-Carlton.

Pacific Reach, a private equity and real estate investment firm, and Dilawri a diversified investments firm, completed the acquisition of a hotel property in Toronto from The Ritz-Carlton. "We are thrilled to acquire The Ritz-Carlton, Toronto and leverage our years of experience owning and operating luxury hospitality assets, including the Rosewood Hotel Georgia, to build on the exceptional reputation of The Ritz-Carlton, Toronto. This partnership with Dilawri represents our shared vision of excellence, as we take steps to further enrich the guest experience and continue the Ritz-Carlton’s legacy as one of the most prestigious luxury hotels in Canada,” Azim Jamal, Pacific Reach CEO and Founder.