Skyline Purchases Deerhurst Resort

On March 2, 2011, Skyline Deerhurst Resort Inc. purchased Deerhurst Resort, a Canadian resort located in Huntsville, Ontario, which was the site of the recent G8 Summit, from 1279342 Ontario Limited for $26,000,000.

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

Skyline Deerhurst Resort Inc. was represented in-house by Hagit Genossar, General Counsel and Corporate Secretary. WeirFoulds LLP represented Skyline Deerhurst Resort Inc. as external counsel with a team that comprised Steven Rukavina, Patrick Nugent, Barbara Zeller and Richard Arezes (commercial real estate) and Peter Biro (employment).

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

Romspen Investment Corporation, as trustee, was represented by Goldman Sloan Nash & Haber LLP with a team that comprised Georgea Wolfe and Rodney Ikeda (commercial real estate).