Saturday, August 23rd12.6°C
22568
21755

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

23015


Recent Trending




Today's Market
S&P TSX15535.55-19.71
S&P CDNX1005.583.38
DJIA17001.22-38.27
Nasdaq4538.551+6.446
S&P 5001988.40-3.97
CDN Dollar0.9137-0.0003
Gold1279.90+6.2001
Oil96.30+1.82
Lumber352.80-2.80
Natural Gas3.88-0.009

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.20-0.01
Cantex0.065-0.005
Anavex Life Sciences0.265+0.005
Metalex Ventures0.08+0.005
Russel Metals36.78-0.81
Copper Mountain Mining2.99+0.11
Colorado Resources0.17-0.015
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.26+0.045

 



21623

FEATURED Property
2014505BEAUTIFUL PROPERTY FOR SALE IN SUNNY OKANAGAN, BRITISH COLUMBIA
more details
image2image2image2
Click here to feature your property
Please wait... loading


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...


Cost of an Injury Lawyer

Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...

_



22854

22854


Member of BC Press Council


22707