Fairmont Sells Shares; Negotiates More Management Contracts

TORONTO — Toronto-based Fairmont Raffles Hotels International has raised $847-million of capital through new cash-rich investors. Of that, $467 million was raised by selling newly issued shares,...

Canada’s First Dual-Branded Hilton Hotel Opens in Toronto

McLEAN, Va. — The first dual-branded Hilton development in Canada, the 128-unit Homewood Suites by Hilton and the 126-room Hampton Hotel, opened last week near Toronto’s Pearson...

Vancouver Entertainment Complex to Open in 2013

VANCOUVER — A $450-million, 680,000-square-foot entertainment complex — which will include two internationally branded hotels, five restaurants and a 110,000-square-foot, 24-hour casino — will be erected adjacent...

Fairmont Baku to Open in 2011

TORONTO — Fairmont Hotels & Resorts has signed an agreement to manage a new, 347-guest room luxury hotel property in the coastal city of Baku, Azerbaijan, on...

Intrawest ULC Avoids Auction

VANCOUVER — The auction of the Whistler Blackcomb ski resort and other Intrawest ULC properties has been postponed after its owner, Fortress Investment Group, reached an agreement...

Hoteliers Believe “Worst of Recession is Over”

SINGAPORE — In the newest edition of Horwath HTL’s Global Hotel Market Sentiment Survey, hotel operators claim that the worst of the economic crisis is over, and...

Intrawest Auction Rescheduled

VANCOUVER — Vancouver-based Intrawest ULC and its owner, New York-based Fortress Investment Group LLC, have been given an extension from creditors on the foreclosure auction scheduled for...

Wyndham Montreal Airport Houses Haitian Refugees

MONTREAL — According to a story in the Montreal Gazette, a total of 3,496 evacuees arriving on 39 flights, following the Haiti earthquake, have been housed and...

Federal Government Denies Negotiating US$90 M to Intrawest

VANCOUVER — The Canadian government has denied that it is negotiating a US$90-million pre-winter Olympics payment to Intrawest ULC, the operator of the ski resort venue, Whistler...

Holiday Inn Express to Open Quebec’s First LEED Hotel

SAINT-HYACINTHE, Que. — The InterContinental Hotels Group’s first sustainable hotel in Canada, and the first of its type in Quebec, opened on Thursday, Jan. 28, in Saint-Hyacinthe,...