- Germain Hotels has secured a $160-million investment round led by CDPQ to expand its operations across Canada.
- To streamline its organization for future growth, the company intends to merge two entities: Groupe Germain Inc.
Germain Hotels has raised $160m in a recent investment round. The round was led by Caisse de dépôt et placement du Québec (CDPQ), with additional contributions from Fonds de solidarité FTQ and Investissement Québec. This investment will help the company to expand its network across Canada and accelerate its development.
The new round of funding is an important step forward for Germain Hotels. It signifies the continued support and confidence that its long-standing institution partners and private investors have shown.
Germain Hotels announced that in addition to its investment announcements, it also plans to merge Groupe Germain Inc. with Alt Canada Investment Corporation SEC to create a single operating company, Germain Hotels. The strategic merger aims to simplify the organizational structure of the company, and to bolster its next phase.
Germain Hotels has 19 properties located across Canada. With this new funding, Germain Hotels is ready to continue expanding, and plans to open Alt Hotel Ottawa Airport Fall 2025. Other upcoming launches include Le Germain Hotel Casino de Montréal and Le Germain Hotel Vancouver.
