LAVAL, QCLAVAL, QC, April 9, 2024 /CNW/ - Espace Montmorency partners MONTONI, Fonds immobilier de solidarité FTQ and Montez Corporation are proud to announce the opening of the new Courtyard by Marriott® hotel in the heart of Laval's new downtown core. Located at 500, rue Lucien-Paiement, the hotel features 188 rooms on 10 floors, a signature restaurant and an open-air bar.
This $45 million hotel project is backed by a group of investors including MONTONI, Fonds de solidarité FTQ, Cogir and Urgo Hotels & Resorts Canada, which will also manage the hotel. The company is the Canadian subsidiary of HHM Hotels, internationally renowned for its expertise and the quality of its management.
Espace Montmorency stands out for its design - which complies with the highest standards of sustainable development - an increasingly important selection criterion for small and large companies, both in Quebec and internationally, adopting carbon neutrality objectives.
Espace Montmorency - MONTONI Group
Demand from business travelers is growing steadily in the metropolitan area, and in Laval more specifically. Connected directly to the Montmorency metro station by an underground tunnel, the Courtyard by Marriott® Montréal Laval hotel meets this growing demand by becoming a destination of choice for corporate clients wishing to organize a convention in Laval or for business travel.
In addition to access to all the services of the Espace Montmorency complex, the hotel offers a business center for meetings, individual workspaces, reception rooms, a restaurant, an open-air bar, exclusive terraces, access to EM's 60,000 sq. ft. verdant courtyard, as well as access to the complex's indoor parking. The location of the new establishment is ideal for business customers, being connected to Montreal and just steps away from the Palace Convention Centre and Place Bell.
Espace Montmorency was designed in line with rigorous environmental values to become a benchmark mixed-use development project for the future. Commitment to the principles of sustainable development was an essential driving force in bringing this project to fruition. Today, these measures have resulted in energy savings of over 50%, representing a 92% reduction in greenhouse gas (GHG) emissions thanks to the integration of an energy loop into the complex.
Espace Montmorency was awarded LEED Gold certification for the development of its quarters. The partners also aimed for LEED Gold certification for the hotel's shell and core, enabling :
"We are extremely proud to announce the official opening of the new Courtyard by Marriott® hotel at Espace Montmorency. This is the latest use for the complex to come to life. As a developer, being part of a large-scale project of this type, which revitalizes Laval 's downtown economically and socially, is what motivates us every day."
- Dario Montoni, Chairman
Group Montoni"Espace Montmorency's mixed-use character makes it an ideal location for the opening of a new hotel offering. The Solidarity Fund QFL is proud to participate in this project, which will strengthen the tourism offering in Laval and the metropolis. The Fund has been encouraging hotel projects in Quebec for over 25 years, and Espace Montmorency, as a project that continues to develop and is recognized for its location, allows us to embark on a new adventure".
- Daniel Hinse, Vice-President, Investments, Entertainment and Consumer Products
Solidarity Fund QFL"As one of Canada's largest hotel operators, it was only natural for us to join forces with the innovative Espace Montmorency project, a model of sustainable real estate development in the heart of downtown Laval, and welcome an 11th hotel under our management portfolio in the greater metropolitan area. We are delighted to have the opportunity to contribute to this major project in the region, which responds to a need in the business community."
- Serge Primeau, Managing Partner
Urgo Hotels & Resorts Canada"This is Cogir's third hotel investment. We're delighted to be able to grow in this industry by renewing our experience with renowned experts such as Urgo and Marriott. The Laval region is increasingly hosting major corporate and cultural events. This new hotel, strategically located opposite Place Bell and offering a host of services within the superb Espace Montmorency complex, will meet a growing demand in the region."
- Mathieu Duguay, Chief Executive Officer and Chief Investment Officer
Cogir Real Estate
A pioneer in sustainable building in Canada, MONTONI develops, builds and manages real estate projects at the cutting edge of design, performance, urban planning and occupant well-being. Its raison d'être: to create value for its customers, for the environment, and for its community. Today, MONTONI has more than 700 projects to its credit, representing over 30 million sq. ft. of industrial, commercial, institutional and residential construction, 30 corporate campuses and another 25 million sq. ft. currently under development - forming an impressive portfolio of properties across Quebec.
Holder of the title of Canada' s Best Managed Companies for almost 25 years, the Group is committed to making ESG criteria a permanent strategic reflex. It has more than 4.2 million sq. ft. of LEED-certified buildings and is aiming to achieve nearly 7 million sq. ft. of additional LEED certification for projects currently under construction. Nearly 2 million sq. ft. of BCZ construction is currently underway. Its ambition: to leave a legacy that will make future generations proud. For further information: www.groupemontoni.com
The Solidarity Fund QFL is the pride of Québec, fulfilling its mission thanks to a unique business model created 40 years ago. Since then, the Fund has rallied Quebec into action, thanks to the retirement savings of 769,459 shareholder-savers.
With net assets of $18.9 billion as at November 30, 2023, the Fund supports more than 3,700 companies through venture and development capital investments based on the belief that impact is created as much by financial returns as by societal returns. For more information, visit fondsftq.com or LinkedIn.
Urgo Hotels & Resorts Canada is a hotel management and development company that has earned a prominent place in the Canadian hospitality industry. With over four decades of experience, the Urgo team today has a solid reputation in hotel management, acquisition, development and design. In 2022, Urgo Hotels & Resorts Canada merged with Hersha Hospitality Management (HHM) and this alliance has significantly expanded the company's footprint, bringing the number of properties to over 243 hotels in North America and 17 in Canada.
Founded in 1995, Cogir Immobilier employs nearly 16,000 people who are passionate about real estate. Motivated by our constant desire to give meaning to real estate, we seek to humanize, create and surpass ourselves in order to design pleasant, functional living environments that reflect the people who occupy them. Our team manages over 420 properties in Canada and the United States. We manage 6 million square feet of commercial real estate and 60,000 housing units, including more than 220 private seniors' residences. The Cogir Foundation supports projects and causes in four main areas: youth, seniors, cultural diversity and the environment.
SOURCE Montoni Group
For further information:
Media requests:
Frédérick Truchon-Gagnon, Director, Public Affairs and Communications, MONTONI, [email protected], (438) 350-1001;
Frédérique Lavoie-Gamache, Press Relations Advisor, Fonds de solidarité FTQ, [email protected], (438) 364-1596;
Arielle D'Amboise, Director, Sales & Marketing, Courtyard by Marriott® Montréal Laval, [email protected], (514) 952-2133;
Caroline Elie, eCommerce Manager, Urgo Hotels & Resorts Canada, [email protected], (438) 316-6023;
Brigitte Pouliot, Director, Communications, Culture and Cogir Foundation, Cogir Immobilier, [email protected], (438) 869-6390
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