Wednesday, October 7th5.7°C

Regina's historic Hotel Saskatchewan sold to Temple Hotels for $32.8M

REGINA - A historic hotel in downtown Regina that has had as guests the Royal Family and rock stars is changing hands.

Temple Hotels (TSX:TPH) says it has reached a deal to buy the Hotel Saskatchewan from Radisson for $32.8 million.

The ten-storey hotel, which opened in 1927, was originally one of a chain of hotels constructed and owned by the Canadian Pacific Railway.

Temple says in a news release that it plans to spend $6 million over about three years to make upgrades to guest rooms and the lobby.

The deal is expected to close at the end of March.

Temple already owns three properties in Saskatchewan, including the Temple Gardens Mineral Spa Resort in Moose Jaw, the Wingate Inn in Regina and the Saskatoon Inn and Conference Centre.

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13647.26+95.06
S&P CDNX538.69+8.78
S&P 5001979.92-7.13
CDN Dollar0.7696+0.0024
Natural Gas2.464-0.006

Okanagan Companies
Pacific Safety0.21-0.01
QHR Technologies Inc1.25+0.03
Metalex Ventures0.05-0.01
Russel Metals23.31+0.80
Copper Mountain Mining0.56+0.06
Colorado Resources0.07-0.01
ReliaBrand Inc0.0031-0.0009
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.085-0.010
Decisive Dividend Corp3.06-0.43
Diamcor Mining0.90+0.00


24282594831 Dillon Place
4 bedrooms 3 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council