Toronto, Canada (July 22, 2022) – InnVest Hotels announced today that it has completed the acquisition of the 99-room Royal Canadian Lodge and 65-room Charltons Banff, located in Banff, Alberta. The addition of the properties is the latest phase in InnVest’s focused plan to expand its growth through strategic investment. The acquisition increases InnVest’s presence in the upscale and core upper-midscale hospitality segments. Both properties will undergo focused improvement plans over the next several years and will operate the hotels under its internal management platform, InnVest Hotel Management Limited (IHML).
Lydia Chen, President and Chief Executive Officer of InnVest Hotels, said, “I am pleased to announce the acquisition of the Royal Canadian Lodge and Charltons Banff. We look forward to continuing the Charlton Family’s legacy of preserving Banff National Park and providing world-class hospitality. The hotels are exceptional assets in the heart of Canada’s most sought-after resort destination”. This acquisition represents InnVest’s first acquisition in the resort segment.
The Royal Canadian Lodge is a premier full-service, upper upscale hotel and Charltons Banff is a core upper-midscale hotel. The properties are surrounded by the natural beauty of the Canadian Rockies and are ideally situated in the heart of the town of Banff. The hotels have spacious guest rooms and suites and offer over 2,500 SF of functional space. In addition, the hotels provide luxurious amenities including a spa, indoor heated pools and saunas, fitness space, and food and beverage offerings.
About InnVest Hotels
InnVests portfolio includes over 75 hotels, representing internationally recognized hotel brands, InnVest is the largest owner of hotels in Canada. Our management team oversees the day-to-day activities of almost 70 hotels, making InnVest the largest operator of hotels in Canada. InnVest’s portfolio is geographically diverse with hotels from Vancouver, British Columbia to Corner Brook, Newfoundland. From roadside inns to luxury urban properties, we are also experientially diverse.
For further information please contact:
Senior Vice President, Asset Management & Investments
Tel: (416) 607-2342