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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.
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PBA Group and Concord Hospitality begin conversion of Calgary office to hotel
PBA Group of Companies (PBA) and its partner Concord Hospitality have officially started converting the former 12-storey office building, Canadian Centre (833 4th Ave. SW) in Calgary into an Element Hotel by Westin.
PBA saw an opportunity to satisfy the growing demand for additional room capacity in Downtown Calgary and to drive economic impact. As a 226-suite hotel, with fully furnished extended stay units, and a sophisticated design aesthetic, the Element Hotel will offer guests a warm and hospitable experience infused with cultural touches and elevated details.
"We're honoured to help take one of the first steps in transforming our downtown into a differentiated residential and recreational district that serves as a symbol of progressive inner city planning with this conversion," says James Scott, senior vice president, planning and development, PBA Group of Companies. "We're proud of our trusted partnership with Concord Hospitality and look forward to continuing the momentum with this novel conversion project which will have a notable impact in the community."
Announced in November as one of Calgary's downtown office conversion partners, the Element Hotel is the first hospitality project as part of the Downtown Calgary Development Incentive Program. It will remove 170,000 square feet of unused office space from the city's core. This conversion project exemplifies the pivotal role that repurposing buildings plays in advancing sustainability principles within real estate, demonstrating a commitment to sustainability and urban revitalization—two key priorities in building resiliency in Calgary's downtown community.
By offering extended-stay hotel units, PBA is adding to a range of choices within the hospitality sector, while supporting Calgary's greater economic transition and welcoming a diverse mix of people to the downtown core. This development is expected to introduce a best-in-class model of flexible hospitality into the downtown market. Embracing a sustainable, nature-inspired aesthetic, the hotel offers expansive studios and one-bedroom suites, which are outfitted with fully equipped in-room kitchens, spa-inspired bathrooms and the Priority Bicycles program, where hotel guests can borrow bikes free of charge during their stay.
Infusing flexibility and convenience for groups, the Element brand pioneers a unique communal space known as Studio Commons. Centred around four guest rooms, this concept allows guests to cook, gather and unwind together within shared kitchen and living room areas. Guests can also access meeting rooms for all their business and work needs.
As a gateway to Calgary's city centre, the Element Hotel is located on the west edge of Calgary's downtown core. Earmarked as an emerging hub, it offers convenient accessibility via transit, car, walking or biking. Its optimal location provides immediate proximity to the Bow River, versatile multi-use pathways and the West Eau Claire Park, the 8th Street urban improvement corridor and views overlooking the Louise Bridge and Kensington Village area.
The project has diverted 572,000kg of demolition waste from the landfill, which equates to 65 per cent of the project's total demolition waste. The property will also practice water conservation through low-flow fixtures.
With Tourism Calgary forecasting to welcome 8.7 million visitors in 2024 and $3.2 billion in tourism revenue for the local economy, new hospitality options like the Element Hotel will help cater to the increase in tourism and the diverse preferences of travellers. Demolition is completed, with construction now underway, and project completion is slated for the summer of 2025.
