15-storey Group Germain Hotel to go up at Parcel Y in Saskatoon
SASKATOON – In the winter, it’s a pile of snow. In the summer, a pile of dirt. Don’t expect “Parcel Y” to stay that way for much longer.
Montreal-based Group Germain Hotels announced Wednesday it will be building a 15-storey Alt hotel at the northeast intersection of Spadina Crescent East and 2nd Avenue by the Remai Art Gallery.
This will be the first property in Saskatchewan for Group Germain Hotels.
“We are thrilled to introduce the city of Saskatoon to the hospitality of the Alt Hotel,” said Christiane Germain, co-president of Group Germain Hotels.
“At the same time, we look forward to building another renowned Alt Hotel team from the local talent pool in Saskatoon.”
The company advertises its Alt hotels as an alternative to conventional hotels, with a no-frills chic concept combining modern design with eco-friendly features.
Along with 155 rooms, the hotel will have 4,000 square feet of meeting space, a fitness centre and space for a restaurant.
Development of the property is being overseen by Triovest Realty Advisors.
“Triovest is thrilled to be working with Group Germain Hotels, Greystone Managed Investments Inc. and Victory Majors in overseeing this prominent development,” said Blair Sinclair, the executive vice-president of investment and development for Triovest.
“We look forward to continuing to collaborate with the City of Saskatoon and the ownership group in setting a new vision for the property that is in keeping with the City’s strategy to revitalize the South Downtown Business District.”
Along with the hotel, “Parcel Y” will eventually include a condo development and mixed office and retail space.
Construction of the new hotel is expected to start later this year with a completion date of 2018.
© 2016 Shaw Media