Oxford Properties Group, OMERS’ real estate arm, is planning to sell its stake in Canadian Fairmont hotels in a deal that could exceed $1 billion. The four properties included in the deal are the Fairmont Banff Springs, Chateau Lake Louise, the Fairmont Chateau Whistler and Jasper Park Lodge. Oxford plans to continue managing the hotels. (Bloomberg, Globe and Mail)

Talking point: The sale is part of Oxford’s strategy of developing property, then selling passive stakes to other investors to cash in on the gains. It originally acquired the four hotels over 10 years ago in a $1.6-billion deal that also included three other Fairmont properties, which the group has since sold. But the sale comes amid fears of an economic slowdown, during which many consumers are likely to cut spending on high-end leisure.