Property employer promoting stake in Fairmont hotels
BANFF – Oxford Properties Group is promoting a 50 in keeping with cent stake in its Fairmont lodges, together with Chateau Lake Louise and the Banff Springs, according to media reviews.
It is also promoting a 50 in keeping with cent stake in Fairmont Chateau Whistler and Fairmont Jasper Park Lodge.
The employer stated it intends to keep an equity stake within the lodges if you want to retain to perform under the Fairmont emblem. Together the four homes have 2,200 rooms that draw 1.2 million visitors a yr.
“Oxford Properties is in the technique of finding a strategic partner for its Fairmont hotel-motel portfolio,” wrote Daniel O’Donnell, a spokesperson for Oxford Properties Group.
“Fairmont will preserve to function those lodges and they’ll stay under the Fairmont brand. As such, it will be business as common for the resorts’ visitors, traffic and surrounding communities.”
According to the corporation, the Toronto-primarily based actual property company sold the belongings in 2006 as part of a bigger deal and has for the reason that invested $300 million to improve environmental sustainability and the guest enjoy.
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