MONTREAL—Group Germain Hotels is adding a new Alt Hotel to the dynamic River Landing area of Saskatoon, Saskatchewan in 2018. The stylish property will be a key feature of the city’s extensive River Landing development project, a new extension currently under construction in the south downtown business district.
“We are pleased to be working closely with Greystone Managed Investments Inc., Victory Majors, Triovest and the City of Saskatoon on the opening of our newest Alt Hotel,” says Jean-Yves Germain, Co-President of Group Germain Hotels. “This new location, in the vibrant River Landing area of the city, represents our third Alt Hotel property in the western provinces. It’s an ideal location and an exciting marker of the steady progress towards our goal of offering 20 properties to visitors across the country by 2020.” The first Alt Hotel in western Canada opened in Winnipeg, Manitoba in 2015. Alt Hotel Calgary, Alberta, is scheduled to open in 2017.
In addition to signature “basic luxuries” such as complimentary WiFi, ultra-comfortable beds and helpful staff, all Alt Hotels boast a series of energy-saving features: geothermal heating and cooling; heat recovery from indoor air that is vented outside and from the water used in commercial washers; energy efficient lighting, and a direct digital control system for ventilation, heating and cooling.
Home to University of Saskatchewan
One of Canada’s fastest growing communities, Saskatoon is a magnet for a diverse range of industries, businesses and talents. Saskatoon is home to one of Canada’s most attractive university campuses, the University of Saskatchewan, which also serves as a hub for leading-edge technology. Major attractions like the Remai Modern Art Gallery, as well as a long list of popular annual music and arts festivals, continuously delight culture-minded residents and visitors.
“River Landing was once a vision and is now a reality,” says Mayor Donald Atchison. “More than 360,000 people visit River Landing every year and Group Germain Hotels’ proposed investment further underscores Saskatoon’s position as a major draw for business and leisure travelers.”
The development represents a substantial social, cultural and commercial enhancement to the River Landing area of Saskatoon. The 36-acre riverfront district already features attractive parks, pathways, amenities, residential developments, businesses, retail stores, restaurants and markets. In addition to the Alt Hotel, the 2.84-acre extension will feature a unique condominium development, as well as two properties housing a mix of office and commercial space.
Parcel Owned by Joint Venture
Known as “Parcel Y”, the new development at River Landing is owned through a joint venture partnership between Greystone and Victory Majors. Triovest, one of Canada’s leading real estate advisors, has been appointed the Development and Leasing Manager for the project.
Ted Welter, Managing Director, Real Estate and Mortgages for Greystone Managed Investments Inc. commented, “Through the unique cooperation and support of the City of Saskatoon and the Nasser family, we are excited to see the River Landing development become a reality. It’s a tremendous step forward in what we believe is one of the more important land developments in Saskatchewan. Based on pre-leasing interest and momentum, particularly in office space, we look forward to the execution of the future phases of this development over the coming months.”
The 15-floor Alt Hotel will be located northeast of the intersection of Spadina Crescent East and 2nd Avenue, in front of the Remai Modern Art Gallery and within walking distance of many of the city’s other main attractions. All 155 guestrooms will offer views of the South Saskatchewan River. The property will also boast 4,000 square feet of meeting space outfitted with the latest technology, a fitness center and space for a restaurant.
Christiane Germain, Co-President of Group Germain Hotels, comments, “We are thrilled to introduce the city of Saskatoon to the hospitality of the Alt Hotel. At the same time, we look forward to building another renowned Alt Hotel team from the local talent pool in Saskatoon.”
Construction will begin in 2016.
Go to Alt Hotels, Group Germain and Greystone.
