InnVest Hotels acquires The Algonquin Resort St. Andrews by‑the‑Sea, Autograph Collection and The Algonquin Golf Course
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
After more than three decades at the helm, Carlo Parentela has appointed his son, Julian Parentela, as the new president and general manager of Parentela International.
The Vaughan, Ont.-based hospitality company includes 27 Developments, Inc., Hotel Vie and Long Valley Hospitality which encompasses well-known Château Le Jardin and other hospitality ventures.
Carlo Parentela first entered into hospitality in 1984. He led Château Le Jardin for more than 35 years. As a father to four children, building a legacy was a top priority. For years, he focused on expanding the footprint of operations to include restaurants, land developments, and a new chain of luxury hotels—Hotel Vie.
“I have had the privilege of leading this company for nearly three decades, and it has been immensely gratifying to see the growth of our team over so many years. Our track record of success has been incredible, and I know that Julian will leverage his extensive experience to unlock this next chapter in our story. I’m looking forward to my future endeavours outside of the business, and, of course, being there to consult Julian, if he needs me, to ensure the continuity of our vision and mission of excellence,” said Carlo Parentela.
Julian Parentela is a civil engineer by trade and served as project coordinator with one of the world’s largest construction conglomerates at EllisDon, and worked with residential developer, Tridel. He will now assume broader control at Parentela International, including the development and launch of Hotel Vie.
Château Le Jardin has called Vaughan home for more than three decades and has deep roots in the community.
"I am pleased to congratulate Julian Parentela on assuming the roles of President and General Manager of Parentela International, says Hon. Maurizio Bevilacqua, P.C., Mayor, City of Vaughan. “Vaughan is undergoing a remarkable transformation, and with several significant city-building initiatives on the horizon, we have a lot to look forward to. Our city is widely recognized as an economic powerhouse in the Greater Toronto Area and beyond. Vaughan is home to the Cortellucci Vaughan Hospital - Canada's first smart hospital; the Vaughan Healthcare Centre Precinct; North Maple Regional Park, which is larger than New York City's Central Park; Niagara University; the Vaughan Enterprise Zone; Vaughan Metropolitan Centre (VMC); and the VMC Subway. We are laser-focused on attracting business, creating an environment for job creation, and improving our citizens' standard of living and quality of life. Thank you for playing a meaningful role in our continued success.”
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
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