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Group Germain to Expand ALT Hotels in Canada for $80 Million

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Published on 12/12/11 - Updated on 17/03/22

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Groupe Germain today announced a transaction of more than $80 million in share capital in the Fonds d'investissement ALT Canada s.e.c.

This major transaction, which includes private investors as well as institutional investors such as the Caisse de dépôt et placement du Québec, Investissement Québec, La Capitale Financial Group and Industrial Alliance, Insurance and Financial Services, will enable Groupe Germain to continue its expansion in Canada with the addition of eight hotels under the ALT banner.The Caisse, one of the Germain family's long-standing partners, played a key role in this transaction.The Caisse, one of the Germain family's long-standing partners, played a key role in this transaction.

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