Oxford Properties Group acquires The Rimrock Resort Hotel in Banff
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 14/06/2023 (1201 days ago), so information in it may no longer be current.
TORONTO – Oxford Properties Group says it’s acquired the 330-room Rimrock Resort Hotel in Banff National Park.
The real estate firm says hospitality group Accor has signed with Oxford to operate the hotel, effective immediately.
Oxford, the real estate arm of the OMERS pension plan, says it’s making a significant investment to renovate the hotel from top to bottom, though the hotel will continue to operate throughout the renovations.
The firm already owns the Fairmont Banff Springs, Fairmont Chateau Lake Louise, Fairmont Jasper Park Lodge and Fairmont Chateau Whistler hotels in Western Canada.
Oxford says the Rimrock, which sits four kilometres south of Banff, Alta., is its first hotel acquisition since 2014.
Tyler MacDonald, head of hotels and alternatives at Oxford, says in a news release that the acquisition of the Rimrock speaks to the company’s long-term conviction in Canada’s luxury resort hotel market.
This report by The Canadian Press was first published June 14, 2023.