A new hotel being built in downtown Calgary will be the place to stay every Stampede, and it’s shaping up to be stunning.
The Calgary Stampede announced on Monday that a purchase and sale agreement is now signed between the Stampede and Truman for the first hotel on Stampede Park in Calgary’s Culture + Entertainment District.
It’s not yet publicly known which hotel brand will operate the hotel, however, the hotel is set on an approximately 85,000-square-foot parcel.
Early details on the hotel reveal that it will be a 13-storey upper-upscale lifestyle boutique hotel with approximately 320 rooms; 15,000 square feet of meeting and ballroom space; 14,000 square feet of food and beverage offerings including restaurants, a lobby bar, a coffee shop, and a rooftop lounge with views of downtown.
There will also be a south-facing leisure terrace with activity pool, jacuzzi and an outdoor bar, and an indoor swimming pool and fitness club.
“CMLC and the Calgary Stampede are proud to partner with Truman, who bring more than 40 years of exceptional building experience in Calgary to this much-anticipated hotel development right at the front door to Stampede Park,” said Kate Thompson, president and CEO of CMLC.
“Hotel development has been a key priority for CMLC and the Calgary Stampede, and we’ve seen development interest in The District surge with the completion of the BMO Centre expansion, the groundbreaking of Scotia Place, and the opening of the new 17th Ave. SE extension, which unlocked the potential of this site and created a unique hotel opportunity at the west entrance to Stampede Park and The C+E.”
The approximate development value of this project is pegged at $330 million, and it marked the first full-service convention-oriented hotel built in downtown Calgary in 25 years.
A development permit submission is expected to be done later this month, with the site then preparing for construction, which is set to begin later this year. Construction is anticipated to be completed in late 2028.
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