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.
The partners in Espace Montmorency—MONTONI, Selection Group and the Fonds immobilier de solidarité FTQ—have announced an agreement with Marriott International, which will occupy the hotel portion of a mixed-use development in the heart of Laval.
The agreement will see a new Courtyard by Marriott hotel become an integral part of Espace Montmorency, an urban hub directly connected to Montréal's underground network via the Montmorency metro station, with an offering of offices, cafés, restaurants, residential units and green spaces.
The $45-million hotel, slated to open in fall 2022, is backed by a group of investors made up of Urgo Hotels & Resorts, MONTONI, Selection Group and the Fonds de solidarité FTQ. Management of the hotel will be ensured by the Canadian business unit of Urgo Hotels, internationally renowned for its expertise and high-quality administration.
The Courtyard by Marriott hotel will occupy Tower III of Espace Montmorency, at the corner of Lucien-Paiement and Claude-Gagné Streets, and comprise 188 rooms on 10 floors, with a total area of some 113,000 square feet. Besides offering access to the full range of the Espace Montmorency complex's services, the hotel will feature a restaurant, a lounge bar, a business centre for meetings, individual workspaces, reception halls and exclusive terraces, including one on the second floor and another on the roof (the lounge bar), plus access to the complex's indoor parking garage.
Hotel guests will be able to access the direct underground connection to the Montréal métro, a strategic location adjacent to the Place Bell arena and an extensive array of dining options bordering the 60,000-square-foot Espace Montmorency verdant inner courtyard. The complex, valued at $450 million overall, is slated to welcome its first tenants in spring 2022.
Espace Montmorency was planned based on rigorous environmental values designed to make it a benchmark for mixed development projects. The partners are aiming to obtain LEED Gold certification for the Core and Shell of the hotel and the two residential towers of the complex, as well as LEED Platinum certification for the office tower. These measures are intended to cut energy costs by more than 50 per cent, representing an 80 per cent reduction in GHGs. The project was also awarded a Gold level LEED v4 ND certification related to neighbourhood development.
"We are thrilled to be opening a hotel in Laval, right in the heart of the biggest mixed-use urban development currently under construction. The primary market for our Courtyard by Marriott concept banner is business travel, but we also pay close attention to the needs of families. The strategic location of Espace Montmorency, with its easy access to the highway network, public transit and neighbourhood services, was a decisive factor in our choice of Laval as a destination. We are fortunate to be teaming up with such experienced partners for the management of this premium property, which will breathe new life into the hotel offering in Montréal's Northern Crown," said Serge Primeau, managing partner and president of Urgo Hotels Canada.
Opal Hospitality has expanded into the U.S. market with acquisition of Four Points by Sheraton Charlotte-Lake Norman, Huntersville, N.C.
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