CFO Capital has provided structured financing for the conversion of Tower 1 of the Baymont by Wyndham Red Deer, Alberta into 88 units of residential apartments. Baymont by Wyndham Red Deed was formerly comprised of 2 towers totalling 233 guest-rooms.
The hotelier reportedly recognized a significant shortage in the rental market and capitalized on the opportunity by converting one of the two hotel towers into NestEra Living, an 88-unit rental apartment building consisting of 61 Studio / 6 small One Bedroom / 21 Large One Bedroom units leaving 125 number of guest-rooms for the Baymont Hotel with a shared podium.
Slated to open in 2027, RIMAP Hospitality has announced that it has broken ground on the Renaissance Marriott Ottawa—a 230-room hotel in downtown Ottawa situated at 395 Slater Street.
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.
The Hotel Association of Canada (HAC) has announced the appointment of Beth McMahon as its new president and CEO, effective September 16, 2024. An award-winning association leader, McMahon brings extensive experience to…
Opened in 2019 as the largest Residence Inn in the world, the 390-suite Residence Inn Calgary is a 33-storey property located in the Beltline District in downtown Calgary.
