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Temple REIT invests in Saskatoon hotel
Temple Real Estate Investment Trust has signed an agreement to purchase a Saskatoon hotel and conference centre for $37.15 million.
The Winnipeg-based REIT said the deal to acquire the 250-room Saskatoon Inn & Conference Centre is scheduled to close on Nov. 1.
Temple said it intends to spend $10 million over the next three years to refurbish the guest rooms, lobby and meeting rooms, and to re-clad the exterior of the eight-storey facility, which boasts the largest hotel ballroom in Saskatoon.
murray.mcneill@freepress.mb.ca
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Crash claims two young women, RCMP say
9:07 AM 0RCMP said today that the two people who died in a collision near Portage la Prairie Wednesday were a 21-year-old ...
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