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Gil Blutrich

President | Skyline International Development

Gil D. Blutrich is Founder and President of Toronto-based Skyline International Development Inc., an innovative real estate and hospitality firm specialized in creating, owning and operating landmark mixed-use and destination communities. Blutrich is also the Founder and Chairman of Mishorim Group (MSHR: Tel Aviv).

Since immigrating to Canada and founding Skyline in 1998, Blutrich has helmed the company’s rapid emergence as a leading upscale lifestyle brand by identifying and acquiring underleveraged assets, re-thinking their footprint and investing strategically to increase profitability and add value. In 2004, he was awarded Ernst & Young’s Entrepreneur of the Year in Ontario.

Today, Skyline has book equity of over $106 million and assets of over $245 million, with over 1,000 hotel rooms and development land of 3,000 acres with the potential for over 5,200 units. The company also has a track record of generating an average internal rate of return over 103% on equity (IRR) for its investors.

Under Blutrich’s leadership, Skyline’s singular asset mix has grown to include the Skyline Hotels & Resorts collection with downtown Toronto boutique properties like the Cosmopolitan Hotel and Pantages Hotel, Horseshoe Resort just outside Toronto, in Barrie, one of Canada’s fastest growing cities, and Muskoka’s Deerhurst Resort, a heritage property best known for hosting the 2010 G8 Summit.
Blutrich has infused his passion for history, architecture and nature into some of the most notable redevelopment projects in North America including the iconic Le Meridien King Edward Hotel where exclusive private residences are being built on three formerly vacant floors and the dormant top-floor ballroom is being restored to period glory.

At the end of 2011, Blutrich led Skyline’s initial foray into the US market. Skyline acquired the Cleveland Arcade, since 1893 America’s oldest indoor shopping mall, and the integrated 10-year-old, 300-room Hyatt Regency Cleveland at the Arcade, a 400,000 sq. ft. structure and registered National Historic Place at the core of revitalizing downtown Cleveland.
Skyline is also redeveloping the abandoned harbour at Port McNicoll, Midland, Ontario into a vibrant, master-planned waterfront community, and the gateway to the 30,000 Islands, a UNESCO World Biosphere Reserve. Having championed and laid the groundwork for the new Georgian Valley tourism corridor, which will connect Georgian Bay and the new Port McNicoll with existing destinations, like Horseshoe Valley, and major urban populations to the south, Blutrich has enriched this strategic plan by acquiring the S.S. Keewatin, one of Canada’s last surviving gems of maritime and travel history. The ship will be repatriated from the U.S. to its home port in summer 2012, then restored by Skyline and operated as a non-profit museum foundation.
Believing you can do well and do good at the same time; Blutrich is dedicated to the concept of active citizenship—harnessing the power of partnerships and community involvement to address specific needs. In 1994, Blutrich created Bright Future, an organization that supports at-risk Israeli youth by developing their business skills and supporting their grassroots business plans. He is also active in mentoring the next generation of business leaders through “real world” sessions he organizes for university students. Interacting with him and other executives, participants discover that business is about more than just numbers, rather, it's the successful combination of people, hard work, guts, and vision.