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Opal Hospitality expands to U.S., acquires Four Points by Sheraton Charlotte‑Lake Norman, N.C.
Opal Hospitality has expanded into the U.S. market with acquisition of Four Points by Sheraton Charlotte-Lake Norman, Huntersville, N.C.
News
CFO Capital arranges financing for hotels in B.C. and Alberta
CFO Capital has arranged portfolio financing for Coast Osoyoos Beach Hotel, Osoyoos, B.C., Best Western Plus Osoyoos, Osoyoos, B.C. and Four Points by Sheraton, Grande Prairie, Alta.
The Coast Osoyoos Beach Hotel, Osoyoos, B.C. is a 65-key family-friendly hotel in British Columbia’s Okanagan Valley. Located on the beach and surrounded by scenic mountains and vineyards, the hotel boasts a Spanish-inspired façade; inside, a cozy lobby with a fireplace. The comfortable rooms and suites provide a relaxed, waterfront sanctuary, and there are plenty of room styles to choose from; with select rooms offering gorgeous beach views and private balconies.
Coast Osoyoos Beach Hotel, Osoyoos, B.C.
The Best Western Plus Osoyoos, Osoyoos, B.C. is a 67-key pet-friendly hotel designed with comfort in mind—specializing in kitchenettes and suites. The property also has designated pet rooms. It also offers winter monthly stays and long-term stays for those who are looking for a longer escape.
Best Western Plus Osoyoos, Osoyoos, B.C.
The Four Points by Sheraton, Grande Prairie, Alta. is a 127-key hotel, located across the street from the Eastlink Centre and the Design Works Centre; and close to South Bear Creek and the local municipal airport. Guests can upgrade stays with one of its suites for more space to spread out and separate living areas. It also has expansive event space perfect for conventions, meetings and seminars, a business centre and its own in house restaurant Bistro 106.
Both Alberta and British Columbia's hospitality sectors continue to exhibit strong projections for RevPAR, signaling robust growth for the region’s lodging industry. This financing arrangement represents a key investment in Western Canada’s hospitality sector as it prepares for anticipated growth and demand, according to CFO Capital.
