OPENINGS, SALES AND RENOS March 24, 2020

Newmarket gains a Marriott Fairfield Inn & Suites

NEWMARKET, Ont. – Marriott Fairfield Inn & Suites is the new flag atop the 100-room hotel formerly known as the Holiday Inn Express in Newmarket, Ontario.

CFO Capital led the financing that underpinned the change, securing a fixed-rate of 3.42 per cent on a seven-year term to get the deal done.

The transaction occurred a week into the COVID-19 pandemic. CFO Capital noted that it went ahead “despite the economic volatility and uncertainty in the market.” However, the transaction showed that that opportunities still exist despite economic uncertainties.

Travelodge by Wyndham opens in Regina

REGINA, Sask. – Travelodge Canada opened its first property of 2020 in Regina on March 11 with the Travelodge by Wyndham Regina.

“This hotel offers a tremendous guest experience with fantastic amenities and a convenient location only minutes from the international airport and many attractions in downtown Regina,” said Trevor Hagel, executive vice-president, operations, with Travelodge Canada.

The non-smoking hotel offers several complimentary offerings, includes free WiFi and breakfast offerings. Guests have access to a heated indoor pool, hot tub and onsite fitness centre.

In addition, the 151-room hotel is pet-friendly.

The property is one of more than 100 Travelodge by Wyndham and Thriftlodge branded hotels across Canada. Other recent opening announcements include Travelodge by Wyndham Edson and Travelodge by Wyndham McBride.

Travelodge by Wyndham Timmins also announced its official re-launch on February 26 after completing extensive renovations.

Moncton welcomes new Thriftlodge

Moncton, N.B. – The Thriftlodge Moncton officially began operations on March 11. The pet friendly, 47-room hotel is a non-smoking property that offers guests free WiFi and free breakfast, access to its indoor pool, complimentary onsite parking and a convenient location that is close to a selection of public transportation options. “We are happy to announce the opening of a new Thriftlodge property in Atlantic Canada, a hotel which offers our guests a simple stay, near the heart of adventure,” said Trevor Hagel, executive vice-president, operations with Travelodge Canada. “[It] is located close to many nearby parks, dining and shopping options which will allow guests to make the most of their stay.”