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 one year of renovations, the refurbished Aiden Best Western Hotel is expected to re-open for business next month.
It will come after construction crews faced months of delays caused by supply chain and worker shortages in 2022, as reported by The Chronicle Journal.
Haseeb Mushtaq, who manages the hotel for the Skylight Hotel Group, told The Chronicle Journal that despite the delay and breaching the budget, they are excited to be approaching the completion of this phase. “It took a little bit longer than expected but we are happy,” he said. “We are done with the renovation of the rooms and now we’re doing the lobby and the restaurant. The outside is already done so it’s good.”
Mushtaq described the amount of work done to the former Shoreline Hotel on the city’s waterfront. Each room underwent the replacement of new electrical systems, plumbing, drywall, flooring, doors, windows and furniture. The decision to replace the carpeting with vinyl flooring was made for several reasons which include it’s easy to clean, more sanitary, more durable and very modern.
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
The new owners of the famed Windermere House hotel and resort on Muskoka’s Lake Rosseau intend to revitalize the building and its amenities while preserving the property’s historical integrity.
Proactive Hospitality has acquired the Coast Osoyoos Beach Hotel, B.C. CFO Capital arranged acquisition financing for the deal.
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