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Germain Hotels gets $160M investment from CDPQ-led group
Germain Hotels has completed a $160M investment round led by CDPQ, with participation from the Fonds de solidarité FTQ and Investissement Québec, as well as the merger of Groupe Germain and Alt Canada Investment Corp. into a single entity.

Germain Hotels operates 19 properties across Canada and is continuing to expand its presence. It is to open Alt Hotel Ottawa Airport this fall, followed by Le Germain Hotel Casino de Montréal, and finally, Le Germain Hotel Vancouver over the next few years.
The Vancouver project involves converting a former office building into the hotel, in partnership with building owner Reliance Properties. 1111 West Hastings St., will become a 180-room boutique Le Germain, and is slated to open in 2029.
It will be the first Vancouver hotel for the 35-year-old firm, whose strategy is to offer “distinctive and authentic hotel experiences.”