QUEBEC CITY — Germain Hotels has completed a new $160 million investment round, led by CDPQ with participation from the Fonds de solidarité FTQ and Investissement Québec. The investment will enable the company to accelerate its development across Canada and consolidate its network of properties.
“We’re very pleased to count on the renewed commitment of high-quality partners,” says Jean-Yves Germain, co-founder and co-president of Germain. “This additional investment marks an important milestone in the growth of our family business. It gives us the means to achieve our ambitions while remaining true to our core values.”
“For nearly 15 years, CDPQ has played a major role in supporting Germain Hotels at three key moments in its expansion across Canada,” says Kim Thomassin, executive vice-president and head of Quebec at CDPQ. “By leading this new round of financing, we continue to stimulate the growth of a Quebec company with a distinctive business model. Our aim is to sustain Germain Hotels’ success over the long term and reinforce its leadership in the Canadian hotel market.”
In light of this investment, Germain Hotels has revealed the merger of Groupe Germain Inc. and Alt Canada Investment Corporation SEC into a single entity, now operating as Germain Hotels. This alliance aims to simplify the organizational structure and support the next phase of the company’s growth.
With its 19 properties, Germain Hotels continues to expand its presence across Canada with the opening of Alt Hotel Ottawa Airport in fall 2025, followed by Le Germain Hotel Casino de Montréal, and finally, Le Germain Hotel Vancouver, in the coming years.
“Merging into a single entity will strengthen Germain Hotels’ agility and give it the financial and organizational resources to seize new opportunities in the Canadian hotel market. We are enthusiastic about the opportunities that lie ahead and about promoting Quebec’s expertise,” says Christiane Germain, co-founder and co-president of Germain Hotels.
