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More Hospitality Stories
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Latest Alberta & Prairies Hospitality Stories
Genesis Hospitality has acquired a 329-room dual-branded Marriott hotel complex near Calgary International Airport, adding its first Calgary properties to a Western Canadian portfolio that already includes hotels in Edmonton and Red Deer. The six-storey Courtyard by Marriott Calgary Airport and Residence Inn by Marriott Calgary Airport are located at 2500 and 2530 48th Ave. …
Highfield Investment Group is buying the operating businesses behind two Alberta racetracks for $23.2M, while VICI Properties keeps the underlying real estate and installs the Calgary developer as its new long-term tenant. The deal covers Century Mile Racetrack and Casino at 4711 Airport Perimeter Rd. near Edmonton International Airport and Century Downs Racetrack and Casino …
Latest B.C. Hospitality Stories
RBI Group has acquired a stalled Vancouver condominium tower out of creditor protection and plans to convert it into a 90-room Hyatt hotel. The buyer’s hospitality division, PHI Hotel Group, plans to turn the partially built 10-storey Duet project at 2511 Spruce St. into a Hyatt Centric, according to acquisition financing adviser CFO Capital. Construction …
Vancouver-based Synvest is acquiring the eight-hotel Accent Inns and Hotel Zed portfolio from the Farmer family, adding about 800 rooms across six B.C. markets. The deal includes five Accent Inns in Richmond, Burnaby, Victoria, Kelowna and Kamloops, along with Hotel Zed properties in Victoria, Kelowna and Tofino and the ROAR restaurant in Tofino. Terms were …
Latest National Hospitality Stories
CPP Investments is making its first direct move into India’s hotel sector, investing C$441 million for an approximately 27% stake in Prestige Hospitality Ventures as the platform prepares for expansion. The pension manager said most of the INR 30 billion investment will go toward growing the hotel business, owned by developer Prestige Group. The deal …
Canada’s hotel development pipeline has grown by about 10 per cent since mid-2025 as improving results and investor demand support new projects, according to Cushman & Wakefield. The firm’s Q2 Hospitality Innsights report, released Aug. 13, says roughly 48,000 hotel rooms are now in various stages of development nationally, based on CoStar data. “Strong, consistent …
Latest Cross Border News Hospitality Stories
CPP Investments is making its first direct move into India’s hotel sector, investing C$441 million for an approximately 27% stake in Prestige Hospitality Ventures as the platform prepares for expansion. The pension manager said most of the INR 30 billion investment will go toward growing the hotel business, owned by developer Prestige Group. The deal …
Toronto-based Manga Hotel Group has entered the Chicago market with the acquisition of the 261-room Royal Sonesta Chicago River North at 505 N. State St. Manga has rebranded the downtown property as Hotel 505 River North and plans to eventually convert it to its TOOR Hotel brand. The purchase price was not disclosed. The hotel …
Latest Eastern Canada Hospitality Stories
Latest Maritimes Hospitality Stories
Indigenous Gaming Partners and Pure Casino Entertainment have closed on their purchase of Gamehost. The completion marks a rare instance of a First Nations-led group taking a publicly traded company private in Canada. The deal closed under a definitive arrangement agreement announced March 30, under which a subsidiary of Pure acquired all outstanding Gamehost shares for …
VICI Properties has agreed to a $200.6-million sale-leaseback transaction involving a portfolio of Alberta casino and hotel assets tied to Indigenous-led Pure Casino Entertainment’s proposed acquisition of Gamehost. The deal covers the real estate underlying Deerfoot Inn & Casino in Calgary, Great Northern Casino in Grande Prairie, Alta., and its two adjacent limited-service hotels. Under …
Latest Ontario Hospitality Stories
One of Toronto’s best-known downtown hotels is looking to expand without building a new tower, with plans to convert existing office space into 250 additional rooms at the Hyatt Regency on King Street West. The proposal would see the 19-storey property at 370 King St. W. absorb its existing commercial office component, increasing the hotel’s …
Palladium Resort Development has acquired an 8.2-acre site in Ottawa’s west end as it advances plans for a 236-room hotel, indoor waterpark and family entertainment complex. The property at 2775-2785 Palladium Dr., near Highway 417 in Kanata, was acquired from Leisure Days RV Group. Ottawa’s planning and housing committee approved a zoning bylaw amendment for …
Latest Quebec Hospitality Stories
Club Med is moving from one Canadian resort to two, officially breaking ground on the $250M Club Med Tremblant, a 300-room development that will expand the hospitality brand’s presence in Quebec’s mountain resort market. The ski-in/ski-out resort is scheduled to open in December 2028 on Versant Soleil at Station Mont Tremblant in Mont-Tremblant, Que. The …
Oktodev has acquired the final development site at Montreal’s Square Phillips complex, clearing the way for a planned upper-upscale hotel in the heart of downtown. The Montreal developer said it has closed on the land at 1 Phillips Square, where it plans a lifestyle hotel with more than 180 rooms alongside New Castle Hotels & …














