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Logisco will build hotels thanks:
The Hotel Subsidiary of the Logisco real estate group will experience a major boom in the coming years thanks to a partnership with the FTQ Solidarity Fund which will lead to investments of more than 60 million for the construction of several hotels. Consequently, especially in the large Quebec region.
Logisco has built. In addition, operates three hotels in the region under the Hilton banner: the Home2 Suites on boulevard Hamel near the airport, as well as the two Hampton Inn & Suites Hotels of Lévis (Saint-Romuald) and Quebec (Beauport).
The partnership. Consequently, finalized in early May, takes shape with the acquisition by the fund of a minority participation in the company which brings together these three establishments.
This partnership. which also includes an active participation of the Regional Solidarity Fund, provides for the construction of several other hotels.
This is logisco will build hotels thanks a global investment that will exceed $ 60 million. Two hotel projects representing 300 rooms are already on the drawing table in the Quebec region.
For Logisco. this is a first institutional investment partner, which marks an important turning point in the history of this family business founded in Lévis in 1967.
In addition to accelerating development in hotels, Logisco maintains its growth objectives in the residential sector. The company. which counts on a 6000 -door housing stock, intends to double the rate of units put in markets each year.
“I would like to thank our partner for this guarantee of trust in our organization. In addition to allowing us to accelerate the development of our hotel subsidiary. the expertise of the FTQ Solidarity Fund network in terms of sustainable development, in particular, will facilitate innovation within our hotels in order to remain attractive and competitive long -term, “said, by logisco will build hotels thanks a press release, the president of Logisco, Michel Parent.
“By investing in Logisco, we support a business turned towards growth and innovation. With this partnership. we contribute to boosting the hotel industry in the Quebec region, while meeting the needs of an in full change market, “continued Saloua Benkhouya, vice-president of private investments and impact investments, entertainment and services to the FTQ Solidarity Fund.
This announcement comes in a context where the inventory of rooms is aging in the Quebec market. added Maggie Labrecque, principal director of the hotel in Logisco.
“The demand is there and the region still has the full potential to accommodate new establishments,” said Mr.me Labrecque.
Logisco will build hotels thanks
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