Deal struck for new hotel with approximately 320 rooms at Calgary's Stampede Park
A new hotel with approximately 320 rooms is set to be built at Calgary's Stampede Park, the Calgary Municipal Land Corporation (CMLC) announced Monday.
The city-owned CMLC the and Calgary Stampede say they've struck a partnership with local developer Truman to build the first full-service convention hotel in downtown Calgary in a quarter-century.
Kate Thompson, president and CEO of CMLC, said the hotel development has been a "key priority" for years and will help meet growing demand for accommodations near the expanded BMO Centre and the city's evolving culture and entertainment district.
"This hotel agreement and land sale/purchase represents a substantial private investment in Stampede Park, and demonstrates a significant confidence in the emerging culture and entertainment district," Thompson told reporters on Monday.
The hotel, which has a development value of approximately $330 million, including the value of the land, is to be built on an 85,000-square-foot parcel near the expanded BMO Centre.
Joel Cowley, CEO of the Calgary Stampede, told reporters that the Weadickville property, where the hotel will be built, is about 1.8 acres in size and was obtained by the Stampede through a trade with the City of Calgary as part of the deal to build a new arena and event centre that will replace the Saddledome.
After receiving the city's approval, the Stampede was able to sell the land, Cowley said.
"Truman will purchase the land, develop, own, and operate the hotel," he said.
The plans include 15,000-square-feet of ballroom and meeting space, a rooftop lounge with city views, restaurants, a coffee shop, and wellness amenities such as an indoor pool, jacuzzi, and fitness club.
Officials said Truman is working with an international hotel brand to operate the property, with details expected to be announced in the coming months.
Tony Trutina, chief operating officer of Truman, said the company believes the new hotel will be built in an "exceptional location."
"[It will allow] guests to just stay steps away from the action of the culture and entertainment district — whether it's a convention, meeting or event held in the BMO Centre, a hockey game in Scotia Place, a concert in The Big Four Roadhouse, or the Calgary Stampede's annual celebration of western heritage and community spirit each July," Trutina said in a written statement.
Construction is expected to begin in late 2025, and the hotel is scheduled to open in 2028.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
25 minutes ago
- CBC
A heist, a hunt, a gang of female thieves: Kitchener author's new book is a journey through 1920s southern Ontario
Kitchener author K.D. Straus set her new novel, To Be True, in the 1920s. It takes the reader from London, England's high society to familiar Canadian cities. This is the first caper in the North of the Avon series. Straus spoke to CBC K-W's Aastha Shetty about the inspiration behind her first book.
National Post
33 minutes ago
- National Post
Carney hints retaliation is coming for Trump's latest steel and aluminum tariffs
OTTAWA — Prime Minister Mark Carney said his government will take 'some time but not much' to respond to U.S. President Donald Trump's 50 per cent tariffs on Canadian steel and aluminum that came into force today. Article content 'The latest tariffs on steel and aluminum are unjustified, they're illegal, they're bad for American workers, bad for American industry, and of course for Canadian industry as well,' he told reporters Wednesday morning as he was entering his caucus meeting. Article content Article content Article content Carney said Canada currently has counter-tariffs in a gross amount, before remissions, on over $90 billion of U.S. imports, and said those remain in place. But given the devastating impacts these new tariffs will have on Canadian industries, there is pressure to retaliate. Article content Article content 'We are in intensive discussions right now with the Americans on the trading relationship. Those discussions are progressing,' said Carney. Article content 'I would note that the American action is a global action, it's not one targeted at Canada, so we will take some time but not more before responding,' he added. Article content Ontario Premier Doug Ford said it was his understanding Canada is 'close to making a deal' with the U.S. but said he would still like to see retaliatory tariffs. On Tuesday, Trump signed an executive ordering raising U.S. tariffs on all steel and aluminum imports from 25 per cent to 50 per cent starting at 12:01 a.m. Wednesday. Article content The move deals a significant blow to a key Canadian export, with industry groups warning that steel and aluminum producers are reeling from the noticeable drop in American imports. Article content Article content More than 90 per cent of Canada's steel and aluminum is exported to the United States, according to 2024 federal government statistics. Article content 'They are illegal. These make no sense. They're hurting the Canadian-American relationship terribly,' said Terry Sheehan, the Liberal MP for Sault Ste. Marie—Algoma which is home to Algoma Steel, of Trump's latest tariffs on steel and aluminum. Article content Sheehan said he is encouraging the government to fight back like it did in 2018, when Trump imposed a 25 per cent tariff on steel and a 10 per cent tariff on aluminum imports, to cause maximum pain for the Americans and minimum impact on Canadian industries. Article content 'We've got to continue to hit back hard, and I will encourage that and then make sure that every dollar is used to support my workers and my steel industry,' he said.
CTV News
33 minutes ago
- CTV News
Former Quebec premier continues testimony in Gilbert Rozon's civil sex assault trial
Just for Laughs founder Gilbert Rozon is photographed at the Montreal courthouse during a break in his civil trial for sexual assault on Monday, June 2, 2025. (The Canadian Press/Christinne Muschi) Former Quebec premier Pierre-Marc Johnson was back on the witness stand Wednesday to continue his testimony under cross-examination in the civil sexual assault trial against Just for Laughs founder Gilbert Rozon, Noovo Info reports. Tuesday, Johnson said he was surprised by the allegations against Rozon, though he explained the next day that he was 'not surprised' at the same time. 'I was surprised that there was violence,' Johnson clarified. 'I was surprised that he was accused of assault, but I wasn't surprised given that he was rich, popular and a womanizer.' The cross-examination also revolved around an accusation of sexual assault dating back to February 1998, to which Rozon had pleaded guilty. 'The accused, Gilbert Rozon, pleaded guilty to having committed acts of a sexual nature towards the victim mentioned in the complaint; he admitted having, under the influence of alcohol, made gestures of a sexual nature towards the victim by touching her breasts when the victim did not want the accused to make such gestures towards her,' reads the judgment from December 1998. Gilbert Rozon was granted a conditional discharge. Johnson confirmed he was present on the evening of Feb. 17, 1998, and saw Rozon bring the 19-year-old girl to his room. He said that at the time, he thought it was for 'consensual sex.' Johnson also told the court that he had previously considered the possibility that allegations could come forward against Rozon. 'In 2017, during the #MeToo movement, I said to myself that if this were to happen in Quebec, Gilbert [Rozon] could be the target,' he explained. Johnson claims Rozon gave him reassurances the day before and in the days following publication of the allegations of sexual assault in the media. 'He denied it and said he immediately anticipated a disaster,' he said. 'The nature of the allegations was clear. He denied them, so I didn't dwell on it.' The former premier said he also advised Rozon to strongly deny the accusations. Rozon played a video game on his iPad while Johnson testified. For his part, Johnson banged his fist on the table several times as he spoke. Tuesday, author and screenwriter Guy Fournier also testified that he was 'surprised' by the allegations against Rozon. Actor and director Serge Postigo is scheduled to testify on Wednesday. Rozon to take the stand again Rozon testified briefly on Monday and is expected to take the witness stand again on Thursday. The court is expected to hear his version of the facts regarding the allegations of sexual assault. The main purpose of Rozon's initial testimony was to give an overview of his life from childhood to the creation of Just for Laughs. Rozon's civil trial began in early December 2024, with nine plaintiffs claiming $14 million for sexual assault and rape, among others. The nine alleged victims - Lyne Charlebois, Guylaine Courcelles, Patricia Tulasne, Danie Frenette, Anne-Marie Charette, Annick Charette, Sophie Moreau, Marylena Sicari and Martine Roy - all testified over the last six months. Other witnesses were also called during the trial, including well-known personalities like Julie Snyder, Salomé Corbo and Pénélope McQuade. Rozon's former partner, Véronique Moreau, also spoke. They all testified to alleged abuse at his hands.
