Stampede Hotel | 45m | 12s | Truman | NORR

Maybe it's hotels + condos, which isnt atypical for the true 5-star hotel experience. A 300 room hotel is maybe too large for a four seasons, shangri la, etc. But they could do 150 hotel rooms+ 150 luxury condos. Where the condos get access to the hotel amenities and also share in paying for them. And then with all the 5-star common amenities, retail space and ballroom space, you can get to $300m development cost.
 
I can't see any success in selling 5 star condos here. It'll be decades before the area loses its isolation. Spa/ wellness resorts are very popular right now. Private athletic clubs continue to do well. These are other luxury functions that compliment luxury accomodations and are attractions that don't have to be in the centre of it all.
 
Gullfoss said:
Maybe it's hotels + condos, which isnt atypical for the true 5-star hotel experience. A 300 room hotel is maybe too large for a four seasons, shangri la, etc. But they could do 150 hotel rooms+ 150 luxury condos. Where the condos get access to the hotel amenities and also share in paying for them. And then with all the 5-star common amenities, retail space and ballroom space, you can get to $300m development cost.
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No condos in this building.
 
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Upper upscale means a certain level in terms of hotel brands. So, unlikely we will see a Four Seasons, Ritz or Park Hyatt. Likely a Marriott or a cut below "luxury" level.
 
El Dorado said:
I meant in addition to this. We need a proper 50+ story similar to the JW in Edmonton.
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Alberta needs a true five star hotel. Most of Alberta's known hotels are the historic Fairmonts (Banff Springs, Palliser). Great classic hotels, but they lack modern appeal.

Previously, I lived in a major metropolitan area and had strong relationships with the GMs of a few luxury hotel brands (Four Seasons, a modern Fairmont etc). These luxury hotels had just over 300 rooms. So, not sure why Truman is calling this a boutique hotel if it has about 300 rooms. It may be because of the number of f&b offerings. Luxury hotels will have 3 to 4 f&b offerings that are Michelin-level, a grand ballroom, swimming pool, spa etc.

I spoke with an exec at Four Seasons and told him that the brand should open in Calgary since Four Seasons is based in Canada. With the Vancouver location closed, there are only two Four Seasons left in Canada. He said that they are open to this market. I could see a true luxury level hotel coming to Calgary (hopefully within a decade).

Agree that JW in Ice District is the closest to modern luxury in AB.
 
There are also the Michelin hotel ratings, and in some ways is a better rating than the standard star rating. There are 4 Michelin key rated hotels in Alberta (there are 33 key rated hotels in Canada) with all 4 of them being in Calgary/Banff.

Banff: Fairmont Banff Springs;
Calgary: The Dorian, Autograph Collection;
Lake Louise: Fairmont Chateau Lake Louise; and
Lake Louise: Post Hotel & Spa.
 
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