Marriott Hotels will apparently duplicate a feat from Vancouver in building two interconnected luxury hotels in downtown Calgary.
The $100 million Dorian project, through developer PBA Land Development, will see the construction of the 180-room Courtyard by Marriott and a 120-room Marriott Autograph hotel.
The development at 525 5th Avenue Southwest will be 27 storeys and is scheduled to open in the fall of 2020. The lower floors of the tower will house the Courtyard, with the upper portion of the tower housing the Autograph brand. There will be separate lobbies and elevator access to the two hotels.
Last year, Marriott opened two luxury hotels in downtown Vancouver linked by the new Parq casino.
Calgary is seeing a hotel mini-boom. The 155-room Alt Hotel in East Village, by Groupe Germain, will open this summer, and the 360-room Residence Inn by Marriott at 10th Avenue and 5th Street S.W. completes in 2019.
Last year, CBRE’s hotel outlook report cautioned the city could face overbuilding, but noted that Cagary’s economic performance over the next three years would place it in third place among Canadian cities.
“With economic conditions improving and oil and gas prices stabilizing, corporate room demand that has been largely absent for the past two years should start to return, helping to offset the impact of new supply in [Calgary],” the CBRE study concluded.
In its latest report, hospitality firm HVS International reported the hotel occupancy rate in Calgary was 73.3 per cent in the third quarter of 2017, up from 69.5 per cent a year earlier. Revenue per available room jumped from $113.92 to $116.39 during the same period.