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Groupe Germain announced that it will continue a enlargement in Canada with a further of 8 hotels underneath a ALT banner. The association finished a transaction of some-more than $80 million in share collateral in a Fonds d’investissement ALT Canada s.e.c. This transaction includes private investors as good as institutional investors such as a Caisse de dépôt et chain du Québec, Investissement Québec, La Capitale Financial Group and Industrial Alliance, Insurance and Financial Services.
“ALT Hotels are partial of a unconditional trend in accommodation, generally in Europe and Asia, and a investigate has clearly shown that this form of accommodation, that offers a design-atmosphere-décor equation during a best probable price, is lacking in Canada’s hotel industry. Our investors have certainty in us to rise this hotel judgment in Canada,” contend Christiane and Jean-Yves Germain in a statement.
A family-run Quebec company, hold in partnership with Groupe HDG (Holding Daniel Gauthier), Groupe Germain Hospitality owns and operates 5 Le Germain boutique hotels – one any in Quebec City, Montreal and Calgary, and dual in Toronto. Groupe Germain Hospitality also owns and operates dual ALT Hotels, in Montreal (Quartier DIX30) and Quebec City. Four other ALT Hotels are now underneath development: during Toronto’s Pearson International Airport, in downtown Winnipeg, during Stanfield International Airport in Halifax and a second in a Montreal area.
Article source: http://www.remonline.com/home/?p=10755
