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Hilton Quebec – Image Credit Hilton
Four First Nations joined InnVest Hotels to acquire a majority stake in Hilton Quebec. The Naskapi Nation, the Mi’gmaq, the Huron-Wendat Nation, and the Cree Nation united under a newly formed entity, Atenro, to complete the acquisition. Hilton will continue to manage the hotel.
Atenro, which means “friendship” in the Wendat language, represents a significant move towards increasing the economic participation of First Nations in various sectors across Quebec, including the hotel industry. Several First Nations in the province already own or share hotel establishments.
Fred Vicaire, CEO of Mi’gmawei Mawiomi Business Corporation, emphasized that the new partnership reflects Indigenous communities’ commitment to sustainable investment and improved financial self-sufficiency. The venture’s revenues will diversify their investments, complementing other initiatives such as wind energy.
Henry Gull, President of the James Bay Eeyou Corporation, highlighted that hospitality investments create spaces to display their heritage, educate visitors about their cultures, and strengthen their financial autonomy. They also contribute to the sustainable development of their communities.
Louise Nattawappio, Chief of the Naskapi Nation, stated that the acquisition exemplifies how First Nations can contribute to Quebec’s economic development while preserving its unique cultural heritage.
The new owners aim to collaborate with Hilton Quebec and InnVest Hotels to offer employment and training opportunities to all First Nations members. All current jobs will be preserved, and the new owners acknowledge the exceptional quality of work from the hotel’s team members.
Hilton Quebec, located near Old Quebec City and Parliament Hill, features 569 rooms and suites with spectacular city views. The hotel is directly connected to the Quebec City Convention Centre, which hosts the city’s largest ballroom and 22 meeting rooms. The hotel also includes a bar, two restaurants, a fitness center, and a heated outdoor pool.
The acquisition was facilitated by the professional services of Atmacinta, Cain Lamarre, Plan A Capital, and Gowling WLG. Bank of Montreal and First Nations Bank of Canada provided the credit financing necessary to ensure a successful closing.
