Alt Hotels concludes a $50-million transaction to continue its expansion

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Germain Hotels announced a new $50-million round of investment in ALT Canada Investment Partnership L.P. The round will enable the company to pursue its growth strategy for the Alt Hotels brand across Canada, namely by developing new hotels in the coming years. Caisse de dépôt et placement du Québec was the lead investor on the transaction, alongside a group of private and institutional investors that includes Investissement Québec, Fonds de solidarité FTQ, iA Financial Group and La Capitale. This is the third round of investment in the hotel chain and brings total investments in Alt Hotels to $210 million since 2011. This capital has paved the way for the brand’s expansion from two hotels in Québec City and Brossard in 2008 to a Canada-wide chain operating or developing 12 locations from Calgary to St. John’s. false false false ABOUT ALT HOTELS At Alt Hotels, we march to a different beat by giving guests the best of what they want without any extra fluff. Alt Hotels are located in Calgary, Saskatoon, Winnipeg, Toronto, Ottawa, Québec City, Montréal, Brossard, Halifax and St. John’s, and soon at the Ottawa airport and University of Calgary. Alt Hotels. Stay unconventional. ABOUT GERMAIN HOTELS Germain Hotels is a Canadian family-run business that owns and operates Le Germain Hotels, Alt and Alt+ Hotels across Canada. Ranked as one of Canada’s 50 best-managed companies, the business is known for its exceptional hospitality philosophy and the unique style that characterizes its hotels. Celebrating its 30th anniversary in 2018, the 1,500-employee company has already reached its ambitious target of 20 hotels by 2020, and now aims to become the first independent hotel company to offer travellers a truly Canada-wide chain of hotels. Visit Germain Hotels. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.