March 24, 2020

InnVest Hotels COVID-19 Update

Toronto – (March 24, 2020) – At InnVest Hotels, the health and safety of our guests and employees is our top priority during this period of uncertainty surrounding the novel Coronavirus, COVID-19. We are closely monitoring the Government of Canada and World Health Organization’s updates regarding the virus and are in continuous contact with our hotel brand partners to ensure that they are following the necessary protocols and guidelines of local health departments.

The impact of COVID-19 has resulted in select hotel closures across our portfolio. Hotels that remain open are taking standards for hygiene and cleanliness very seriously, and we are taking additional steps to ensure the safety of our guests and team members.

Due to the severe impact on hotel revenues, we have had to temporarily layoff many of our employees. Our thoughts are with them and their families during this challenging time and look forward to getting everyone back to work very soon.

For any inquiries contact Jeff Hyslop, SVP Asset Management, InnVest Hotels