Colliers Hotels brokered the deal and CFO Capital has arranged acquisition financing for the sale of the Fairmont Hot Springs Resort in B.C. to Aldesta Hotel Group.
The resort sits on a total of 1,229 acres including 650 acres of excess development lands and reportedly sold for $40 million. From ski to golf, the 151-room resort (plus an additional 116 timeshare units over 19 buildings) has a unique amenity offering including all-season mineral hot springs featuring three outdoor pools (in addition to indoor pools), seven F&B outlets, three golf courses (two 18-hole courses and a nine-hole course), 14-run ski hill, expansive RV park (190 RV spots and 154 camping and tenting sites over 66 acres) and a host of other amenities and recreation.
On October 29th and 30th, the 2024 Western Canadian Lodging Conference (WCLC) took place at the Hyatt Regency, Vancouver, B.C., bringing together over 300 hospitality leaders and stakeholders from across the industry to…
Holiday Inn & Suites Parkway Conference Centre, St. Catharines, Ont. held a grand re-opening after its renovations—now double-branded with the addition of Staybridge Suites for extended stays.
FEATURE PROFILE: Feature from the FALL 2024 ISSUE of STAY Magazine
The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada's hotel development pipeline, with key indicators suggesting an expansion phase is underway. The total pipeline has reached a…
