EDMONTON — Hotel Equities (HE) has teamed up with Utah-based commercial real-estate company, PEG Companies (PEG), and Petroglyph Development Group to manage the 172-room Courtyard by Marriott hotel currently under construction in downtown Nanaimo, B.C.
“We are thrilled to welcome this highly anticipated hotel into our Canadian property portfolio,” says Ryan McRae, senior vice-president of Business Development, Canada, for HE. “Our team is excited to contribute to the positive impact this hotel will have on the Nanaimo community through the creation of jobs, enhancement of Nanaimo’s downtown spirit and increased competitiveness among the city’s tourism.”
The new hotel will offer amenities including a street-level café, a large pool and an all-inclusive fitness centre. As part of PEG’s design plan, the property will pay homage to Nanaimo’s cultural heritage through Snuneymuxw-inspired decor and serve as a symbol of the rich cultural heritage of the Snuneymuxw people.
“Since the beginning, when PEG was selected to develop this special site, it was extremely important to us that we worked collaboratively with the Snuneymuxw First Nation,” says Cameron Gunter, CEO of PEG. “Our goal with this project was to preserve the rich cultural traditions of the past while spurring economic growth for the future.”
The nine-storey hotel is slated to open Q2 2022 and will provide the long-awaited opportunity to celebrate the opening of this 10-plus year project with the Nanaimo community. PEG has been deliberate and strategic with its actions, committed to seeing this project through despite challenges during the construction process.
“We are well positioned to positively impact the performance of this hotel,” explains Martin Stitt, senior vice-president of Operations, Canada, for HE. “Our alignment with PEG’s mission to create opportunities through grit, ingenuity and expertise gives us confidence that this partnership with PEG will result in opening the Courtyard with a new level of guest experience in Nanaimo, adding significant value to the local, downtown community. Hotel Equities’ continued investment into Canada, both on the people and infrastructure side of our business, produces immediate and long-term value for our development partners.”
