Allied Hotel Properties Inc. is a Canada-based company, which is engaged in the ownership, management and development of hotels and real estate in Canada. The Company's business activities include hotel and real estate acquisition, holding, development and management. The Company owns and operates the Toronto Don Valley Hotel and Suites hotel, which is located in Toronto, Ontario (the Toronto Hotel Property). The Toronto Hotel Property consists of approximately 350 rooms. The Company subdivided the hotel lands to permit the development of a condominium tower and seniors' residence on the site, with the Company being a partner in the development of the condominium tower. The Company's properties are situated in the urban markets.