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

I've always expected the JW Marriott to downgrade to a lower brand once the agreement with Marriott ends - however long that term is. That is unless Katz wants to keep paying for that level of hotel, but I doubt he's getting good return for it.
The rates/redemption for that is more comparable to a standard Marriott. It probably operates mostly like a standard Marriott. Hotel brands aren't very consistent. As they're typically individually owned and operated with licensing from a brand.
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.
Calgary is in a weird spot. Most of the tourist draw is to the mountains, so if you are to build 1 Four Seasons, should it be in Banff? Or Calgary? And not all luxury hotels are very grand. The Park Hyatt in Toronto is a renovated historical building and the amenities are limited to a couple restaurants and a spa. I think they said boutique because it'll have some unique styling and the branding would likely be a JdV/Autograph, which is more upscale and not the true luxury, like a Four Seasons, Park Hyatt, Ritz.
 
This hotel would be the 8th new hotel for downtown Calgary in the last 7 years. It’s great to see the hotel industry that bullish on the downtown area.
It is this that makes me think our tourism and business travel is increasing. These hotels are normally owned locally so they see the data that supports building more and more hotels. Next week they'll be another announcement for Stamped Station and then I'm sure there will be another one announced on or near the block of the new arena before it opens in fall '27.
 
This hotel would be the 8th new hotel for downtown Calgary in the last 7 years. It’s great to see the hotel industry that bullish on the downtown area.
I’m trying to think of 8 downtown hotels, I can only think of 3. Dorian, Marriott Residence and the new in on 6th ave
 

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