https://www.cupevents.ca/hotel-announcement
Summerside to get hotel at Credit Union Place!
SUMMERSIDE – The City of Summerside announced today that a development agreement has been signed for the construction of a Microtel Inn & Suites by Wyndham hotel on the grounds of Credit Union Place. Caboteer Hospitality and Developments Inc. and its CEO Glenn Squires announced the confirmation of the new development for the City. “We are honored to bring the City of Summerside a much needed modern new-built hotel,” commented Squires. “We are beyond impressed with what the City has accomplished in creating a destination at Credit Union Place (“CUP”) with signature sporting events, concerts, meetings & conventions and community programming, and couldn’t be happier to connect this flagship facility with Canada’s fastest growing new hotel brand,” continued Squires. Caboteer Hospitality and Developments Inc. is based in Bedford, Nova Scotia and is an affiliate company of Crescita Hotels and Resorts LP and Pacrim Hospitality Services Inc. The group owns and/or manages 20 hotels in Canada and the United States. With over 25 years of experience developing and acquiring hotel properties across Canada, Caboteer and its partners have earned numerous Industry and brand awards.
The City of Summerside has been seeking the right partner for the development of a hotel at Credit Union Place since the facilities inception. “We are excited to be announcing this development today with one of Canada’s most recognizable hotel developers. The opportunities to drive new business into our city with this hotel are endless. The hotel will create 80-100 construction jobs and 30+ new full and part time operational jobs with no out-of-pocket expense to the taxpayer,” commented Mayor Basil Stewart.
The hotel will be developed on the southwest portion of the CUP grounds and connected by a covered breezeway into the main lobby of the facilities. Upgrades to parking and green spaces will also take place as part of the construction.
Microtel is one of 19 brands under Wyndham Hotels and Resorts, the world’s largest hotel company by number of properties, and stewarded in Canada by MasterBUILT Hotels Ltd. under a territorial master development agreement. “Microtel by Wyndham is an ideal brand selection for this development as it complements the amenities and services provided by CUP and offers contemporary rooms and suites that will offer terrific value for both corporate and leisure guests visiting Summerside,” commented JP Desrosiers, Director of Community Services for the City of Summerside. Desrosiers added, “This development is the missing piece of the puzzle to continue to grow our venue’s offerings, host additional and larger signature events, grow our meetings and convention segment, and support our growing sport and event tourism sector.”
Construction on the hotel development is set to commence later this fall or early spring 2020 and is scheduled to be complete in early 2021.