the $45 million The hotel, which is scheduled to open in the fall of 2022, is supported by a group of investors made up of Urgo Hotels & Resorts, MONTONI, Groupe Sélection and the Fonds de solidarité FTQ. The hotel will be managed by the Canadian business unit of Urgo Hotels, recognized internationally for its expertise and high administrative quality.
The Courtyard by Marriott hotel will occupy Tour III of Espace Montmorency, at the corner of Lucien-Paiement and Claude-Gagné streets, and will have 188 rooms spread over 10 floors, with a total area of approximately 113,000 square feet. In addition to offering access to all the services of the Espace Montmorency complex, the hotel will offer a restaurant, a lounge bar, a business center for meetings, individual workspaces, reception rooms and exclusive terraces, including one on the second floor and another on the roof (the lounge bar), plus access to the complex’s covered car park.
Hotel guests will enjoy direct underground connection to the Montreal metro, a strategic location adjacent to the Place Bell arena, and a wide range of dining options lining the hotel’s leafy interior courtyard. Espace Montmorency of 60,000 square feet. The complex, valued at $450 million overall, is expected to welcome its first tenants in the spring of 2022.
LEED Gold certification
Espace Montmorency was designed according to rigorous environmental values intended to make it a reference for mixed development projects. The partners are aiming for LEED Gold certification for the core and shell of the hotel and the complex’s two residential towers, as well as LEED Platinum certification for the office tower. These measures aim to reduce energy costs by more than 50%, which represents an 80% reduction in GHG emissions. The project also obtained a LEED v4 ND Gold level certification related to the development of the district.
“I am extremely proud of the agreement we have successfully concluded with Marriot and very happy to welcome this world-class hotel banner to Espace Montmorency. The arrival of the hotel, combined with the impressive offer of offices, shops, restaurants and residences of the development will truly energize an already dynamic district and will further confirm the establishment of from Laval new downtown. »
– Dario MontoniPresident
“This flagship project is part of our mission to create communities by building living spaces conducive not only to good business relationships but also to the gathering of people of all generations. The hotel will stimulate activity and enliven the area for Espace Montmorency tenants, and be a pull factor that will further contribute to the life/work/play philosophy of this project. We are proud to help bring a high quality resort to Laval in a strategic part of its city center.”
– Réal Bouclin, Founding President and Chief Executive Officer
“Espace Montmorency is a pillar of from Laval economic development. We recognized the enormous strategic potential of this site when we acquired it a few years ago. Today, as a partner in its development, we are witnessing firsthand its positive impact in terms of jobs, for the shareholders-investors of the Fonds de solidarité FTQ and on the economy as a whole. »
– Normand Bélanger, President and Chief Executive Officer
Solidarity Real Estate Fund QFL
“The arrival of the Courtyard by Marriott in the heart of from Laval new downtown will not fail to enhance the recreational and tourist appeal of this booming district. As it expects better days after two difficult years, the hospitality industry is ready to welcome tourists and travellers. With this in mind, we are delighted to be working again with Urgo Hotels Canada for this project, as well as with MONTONI, Groupe Sélection and our colleagues from the Fonds immobilier de solidarité FTQ. The Fund has been supporting the Quebec hotel industry for nearly 20 years now and this investment is proof that it intends to continue to do so in the years to come. »
– Daniel HinseVice President, Investments – Entertainment and Consumer Goods
Solidarity Fund QFL
“We are delighted to open a hotel in Laval, right in the heart of the largest mixed urban development currently under construction. The main market for our Courtyard by Marriott concept banner is business travel, but we also pay particular attention to the needs of families. The strategic location of Espace Montmorency, with its easy access to the motorway network, public transport and local services, was a determining factor in our choice of Laval as destination. We are fortunate to join forces with such experienced partners for the management of this high-end property that will breathe new life into the hotel offer in the northern suburbs of Montreal. »
– Serge Primeau, Managing Partner and President
Urgo Hotels Canada
A leader in real estate development in Quebec, MONTONI has a portfolio of nearly 500 projects representing more than 20 million square feet of industrial, commercial, institutional and residential construction, 30 head offices and 22 million square feet under development. Proud owner of from Canada Designated Best Managed Companies for more than 20 years, the Montoni Group has ensured a position of choice by holding significant land portfolios in the greater Montreal area. The company distinguishes itself by offering a full range of services covering planning, construction, from excavation to interior design, and property management. A LEED accredited member of the Canada Green Building Council, MONTONI is committed to building a sustainable heritage based on cutting-edge expertise. The Group has more than 4.5 million square feet of LEED-certified buildings. For more information: www.groupemontoni.com/en/
About the selection group
Selection Group is an international leader in the creation of intergenerational living environments, which relies on its real estate platform to invest in innovative solutions and avant-garde multigenerational projects that improve the quality of life of residents. Groupe Sélection’s intergenerational vision and unique vertically integrated structure are the main drivers of its continued geographic expansion and the diversification of its real estate products, which target young people, families and retirees. Selection Group has succeeded in maintaining a 95% customer satisfaction rate year after year in a context of rapid growth, thanks to the commitment of nearly 5,000 dedicated employees across Quebec. Selection Group, whose head office is located at Lavaltoday has more than 70 real estate complexes in operation, under construction and in development in Canada and United States and assets valued at more than $5 billion. For more information, please visit: www.groupeselection.com.
About the Fonds immobilier de solidarité FTQ
the Solidarity Real Estate Fund QFL helps stimulate economic growth and employment in Quebec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Real Estate Fund supports mixed-use, residential, office, commercial, institutional and industrial projects of all sizes across Quebec. Like a December 31, 2021the Real Estate Fund had 54 projects worth $4.9 billion under development or under construction that will create some 40,000 jobs, as well as 84 portfolio properties under management, 1.8 million square feet of land to be developed and $146 million allocated to affordable, social and community housing. The Real Estate Fund is a member of the Canada Green Building Council — Quebec Division.
About the Solidarity Fund QFL
the Solidarity Fund QFL invests to build a better society by channeling the savings of its 734,580 shareholders into development and venture capital investments to help Quebec make the transition to a green economy, to a world of work centered on people and towards a healthier society. The Fund offers businesses unsecured financing and strategic support. With $18.3 billion of net assets at November 30, 2021the Fund has supported more than 3,400 partner companies and more than 247,000 jobs.
About Urgo Hotels & Resorts
Urgo Hotels & Resorts is a Bethesda, Marylanda hospitality company that develops, owns and/or operates distinctive and unique hotels and resorts in major markets and resorts in the United States, Canada and the Caribbean. The current portfolio includes 43 hotels with over 6,300 rooms, some under construction and an active pipeline of acquisition and development projects. Urgo Hotels & Resorts owns and/or manages 11 properties in Montreal and a total of 17 in Canada. The company develops, builds and operates for its own account, and provides third-party management and asset management services. www.urgohotels.com
About Marriott International
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, United States, and encompasses a portfolio of nearly 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses resorts around the world. The company offers Marriott Bonvoy®, its award-winning travel program. For more information, please visit our website at www.marriott.comand for the latest company news, visit www.marriottnewscenter.com. Plus, join us on Facebook and @MarriottIntl on Twitter and Instagram.
SOURCE Solidarity Fund QFL
For further information: Media enquiries: Frédérick Truchon-Gagnon, Director, Public Affairs and Communications, MONTONI, [email protected], 438 350-1001; Claude-André Mayrand, Senior Advisor, Government Relations and Public Affairs, Selection Panel, [email protected], 514 594-8300; Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, [email protected], 514 703-5587; Elise Beauregard, Regional Director, Marketing and eCommerce – Canada, Urgo Hotels Canada, (647) 995-1225