Toronto's historic Royal York Hotel to be acquired by Kingsett, Innvest

TORONTO, Oct 28 (Reuters) - The Fairmont Royal York Hotel in the heart of downtown Toronto is getting new owners and a facelift, with Canada's KingSett Real Estate Growth LP and InnVest REIT outlining plans on Tuesday to acquire an 80 percent stake in the historic hotel for C$186.5 million ($166.53 million).