Quote:
Originally Posted by Allan83
The Palliser is a four star hotel in downtown Calgary. It's one of these 100 year old former CP hotels.
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Yes; but that doesn't mean that InnVest, the owner, needs to keep it as a Fairmont.
It wouldn't be the first 4-star Clarion (even the Calgary Airport Clarion gives itself 3-stars).
It is highly unlikely Calgary will have 2 Fairmonts. Fairmont would not have sold off the property to a REIT if they intended to continue running it long-term