-
Hôtel Le Germain Montréal – Image Credit Germain Hotels
- Germain Hotels secures a $160 million investment round, led by CDPQ, to increase its Canada-wide expansion.
- The company plans to merge two entities, Groupe Germain Inc. and Alt Canada Investment Corporation SEC, to streamline its organizational structure for future growth.
Germain Hotels, a prominent player in the accommodation sector, has successfully raised $160 million in a new investment round. The round was led by Caisse de dépôt et placement du Québec (CDPQ), with additional contributions from Fonds de solidarité FTQ and Investissement Québec. This significant investment is expected to expedite the company’s nationwide development and solidify its existing network of properties across Canada.
The new funding round marks an important point of progress for Germain Hotels, signifying the ongoing support and confidence from its long-standing institutional partners and private investors.
In addition to the investment news, Germain Hotels also announced plans to merge Groupe Germain Inc. and Alt Canada Investment Corporation SEC into a single operating entity, Germain Hotels. The strategic merger is intended to simplify the company’s organizational structure and bolster the next phase of its growth.
Germain Hotels currently operates 19 properties across Canada. With the new funding, the company is poised to continue its expansion, with plans to open Alt Hotel Ottawa Airport in Fall 2025. Other upcoming launches include Le Germain Hotel Casino de Montréal and Le Germain Hotel Vancouver.
