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Alberta

Oxford, partner buy Banff's Rimrock Hotel for $170M

Don Wilcox Commercial Hotels and Resorts Banff Jun. 14 2023

Oxford Properties Group and an institutional capital partners have acquired The Rimrock Resort Hotel on Sulphur Mountain in Banff National Park for $170 million, and plan a “comprehensive top to bottom renovation” of the property.

Hotel outlook bright as Canadian tourism in solid recovery mode 

Adam Jacobs Commercial Hotels and Resorts National May. 31 2023

Canada's hospitality industry is enjoying a post-pandemic recovery, stemming from rising guest demand, investor optimism and a healthy transaction market by a variety of capital sources. 

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