Intelligence
Canada hotels record first occupancy decline in three months
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
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Activar Hôtels to open new Microtel Inn & Suites by Wyndham, Lachute
Activar Hôtels, developer, investor and hotel operator has announced the opening of its brand-new Microtel Inn & Suites by Wyndham, Lachute, Quebec.
The property opened on July 5, 2023. The hotel comprises 72 guest rooms, including extended stay suites with kitchenettes, and offers a continental breakfast, a gym and a meeting room that can be booked for professional meetings or any other type of event.
Multiple financial partners have come together to invest the 12 million dollars needed to make the project happen. As it has done in the past, Activar Hôtels has approached local investors. The project brings together eight local investors, supported by Roynat Capital and Investissement Québec. Furthermore, the federal agency Canada Economic Development for Quebec Regions (CED) has contributed a 1-million-dollar loan. In addition to being an investor, Activar Hôtels will manage the new hotel.
“We are extremely proud to see this project take off. The Lachute community is active and engaged, we have witnessed this through our partners’ commitment and the community’s enthusiasm. It’s exciting to manage the operations of a hotel in a strong market. In addition, the hotel is located in a prime position bordering Highway Guy-Lafleur (Highway 50). Our team is ready. Come stay with us for a good night’s sleep,” says Mathieu Mault, CEO, Activar Hôtels.
After more than three years of development and construction, slowed down by certain challenges brought about by the global pandemic, the team is happy to be at the point where they can call out to local partners to create offerings that will complement our guests’ stays. Activar Hôtels, through its local team, aims to integrate the community and help the region in which it has invested, to shine. We’re all ears when it comes to ideas about the sale of local products and services.
The Microtel Inn & Suites by Wyndham, Lachute is built following the new MODA concept developed by the Microtel brand. This design creates financial advantages for developers and shareholders as well as ensures an architectural product that integrates efficiency, functionality and comfort. The Microtel Inn & Suites by Wyndham, Lachute is the fifth hotel in Activar Hôtels’ portfolio of managed properties.
After the recent acquisition of Le Grand Lodge Mont-Tremblant, the Microtel Inn & Suites by Wyndham, Lachute is Activar Hôtels’ second hotel in the Laurentians region.
