Caisse de dépôt leads second $80 mln investment in Alt Hotels brand
The Caisse de dépôt et placement du Québec has led a second $80 million investment in Alt Canada Investment Fund LP, a vehicle that will allow Groupe Germain Inc to develop its Alt Hotels brand across Canada. Investors that joined the deal included Investissement Québec, La Capitale Financial Group, Industrial Alliance Insurance and Financial Services Inc, Fonds de solidarité FTQ and DNA Capital. A family-run business founded in Québec City, Groupe Germain owns and operates the Canadian network of Le Germain Hotels and the no-frills-chic Alt Hotels.
4 December 2014•6 mins read
