Skyline International Development

About Skyline International Development

Skyline Investments Inc. is a Toronto-based real estate investment, ownership, and development company specializing in hospitality properties and destination communities in Canada and the United States. Founded in 1998 by Gil Blutrich, the company began its Canadian operations with a focus on acquiring and operating hospitality resorts. A significant transaction occurred in 2021 when Skyline sold its Canadian resort assets, including Deerhurst Resort and Horseshoe Valley Resort, along with development lands at Blue Mountain, to Freed Corp for $210 million. This move signaled a strategic shift to reduce exposure to seasonal resort assets and concentrate on its U.S. hotel portfolio.

As a publicly traded company on the Tel Aviv Stock Exchange (TASE: SKLN), Skyline is the Canadian division of Mishorim Development. Following Gil Blutrich's departure in July 2020, Alex Shnaider assumed control of the company. The firm's business model focuses on acquiring properties opportunistically, often below replacement cost, and managing them to improve financial performance. The company generates revenue from its portfolio of income-producing assets, which, as of early 2025, included four properties with 1,040 hotel rooms. Skyline's strategy now centers on operating its 'select-service' hotels in the U.S., completing planned renovations, and considering further expansion in that category while reducing headquarters expenses.