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.
News
Germain Hotels Alt Hotel Ottawa Airport construction set to begin
Germain Hotels’ 20th property, Alt Hotel Ottawa Airport, is ready for takeoff in 2025.
The Ottawa Airport property will start construction in a few weeks. First announced in 2019, the project was halted due to the pandemic. The new scaled-down version of the hotel will consist of 178 guest rooms, meeting rooms, and gym as well as a full-service restaurant. A pedway will connect the hotel directly to the airport terminal. The hotel will be Germain Hotels’ third establishment in Ottawa and the third airport property for the chain, having terminal hotels at Toronto’s Pearson International Airport and Halifax Stanfield International Airport.
Estimated at $55-million, the hotel is expected to open in 2025. “We have been working with the Ottawa Airport on this project for the past five years. We are very happy to start construction on this hotel that will employ more than 40 people. We believe in Ottawa and are invested in the region, as this is our third establishment in the city,” says Hugo Germain, vice-president operations, Germain Hotels.
Left to Right: Gregg Callander, CEO, University of Calgary Properties Group, Marie Pier Germain, vice-president, sales and marketing, Germain Hotels, Calgary Councillor Terry Wong, Hugo Germain, vice-president, Operations, Germain Hotels.
