meet cost overruns at the Toronto Trump Tower. In March 2010, Shnaider invested in a property consortium that bought Toronto's King Edward Hotel for $50 million. The asset was purchased in a distressed sale from Lehman Brothers. Shnaider originally invested alongside three other real estate companies, Skyline International Development Inc., Dundee KE Inc., and Serruya Realty Group Inc. However, on 1 August 2012, Omni Hotels & Resorts CEO James D. Caldwell also took a stake in the hotel; and on 24 November 2015, Omni Hotels and Resorts announced that it had bought the other parties out and fully owned the hotel. In 2011, Shnaider formed a Delton Retail fund, a property group, with N3 Real Estate, owned by Dutch businessman A.D.G van Dam. On 30 December 2015, Shnaider invested NIS₪39 million in Mishorim Development Ltd., a real estate company controlled by developer Gil Blutrich. Shnaider had already invested alongside Blutrich in the King Edward Hotel, which Blutrich invested in via Skyline International Development Inc., a Mishorim subsidiary. In July 2016, he increased his holdings in this company from 21% to 42%. He is currently the sole holder of controlling interest when the Israeli court ruled in favor of him in August 2020, in a legal lawsuit filed by his past partner Gil Blutrich. Personal life Shnaider is married to Simona Shnaider (née Birshtein) daughter of Boris Birshtein. They have three daughters. In August 2016, they sold their home in Bridle Path, Toronto, for $22 million. Schnaider is President of the Jewish Russian Community Centre of Ontario. References External links Midland Group Midlandia Photo of Shnaider's yacht in Monaco 1968 births Living people Canadian commodities traders Canadian financiers Canadian investors Canadian people of Russian-Jewish descent Formula One team owners Businesspeople from Toronto Russian emigrants to Canada Israeli emigrants to Canada York University alumni Canadian Jews Zaporizhstal Oligarchs Russian businesspeople in Canada