KELOWNA, B.C. — Hollypark Hotels Corporation has acquired the Kanata Kelowna Hotel & Conference Centre. Hollypark was advised and represented in the transaction by Peter Macpherson of Farris LLP, Tyler Krenz of Grant Thornton LLP and Mack Hair of Macdonald Realty, all based in Kelowna, B.C.
The 190-room hotel with more than 5,000 sq. ft. of conference space first opened in 1993 with 120 rooms, and underwent a 70-room expansion in a seven-storey tower and parkade in 2010. Hollypark also owns and operates the Fairfield by Marriott hotels in Vernon and Salmon Arm, B.C.
“We’re excited about acquiring this hotel in such a prime location in midtown Kelowna,” says Sam Dhillon, CEO, Hollypark Hotels. “I believe that growth in tourism volume to the Kelowna area will outpace most Canadian markets over the next decade. We’re betting big on the hotel sector after two years of uncertainty in the industry.”