OPENINGS SALES AND RENOS April 17, 2018

Colliers sells Edmonton focused-service hotel portfolio. Manga Hotels acquires the Hampton Inn & Suites Buffalo Airport. Hotel Equities to operate new Fairfield Toronto East. Alt Hotel Ottawa unveils new art collection.

Colliers sells Edmonton
focused-service hotel portfolio

Colliers
International Hotels acted as the exclusive advisor to Platinum Investments
Ltd. in the sale of their 239-key Edmontonfocused-service portfolio, consisting
of the 136-room Courtyard by Marriott Edmonton West and 103-room Hampton Inn
& Suites by Hilton Edmonton West, to Genesis Hospitality Inc.

The portfolio offered an
excellent opportunity to acquire two established and well-maintained focused-service
assets in a major Canadian market with strong management and operational
synergies. The hotels are situated adjacent to each other on a large 6.55-acre
site in a vibrant West Edmonton location nearby a variety of demand generators.
Genesis Hospitality Inc. purchased the properties, adding to their portfolio of
11 hotels across Canada.

Manga
Hotels acquires the Hampton Inn & Suites Buffalo Airport

Manga
Hotels has acquired the Hampton Inn & Suites by Hilton Buffalo Airport,
further expanding its growing portfolio of hotels in both Canada and United
States.

The
Hampton Inn & Suites by Hilton Buffalo Airport marks the 4th Hampton Inn
property to be added to Manga’s portfolio.

This
101-room Hampton Inn and Suites is conveniently located next to the Buffalo
International Airport, near Walden Galleria, Elmwood Village and a short
distance to the many attractions. The hotel features Hampton's free hot
breakfast buffet, served every morning, a fitness center, an indoor saltwater
pool, and complimentary airport shuttle service. Each room offers a range of
amenities including a mini-refrigerator and free Wi-Fi throughout the hotel.

“This
property complements our portfolio of airport hotels in Buffalo, Toronto and
Halifax. Our experience working with airport markets will allows us to create
synergy between properties, focusing on our guests,” said Sukhdev Toor, president
of Manga Hotels.

Manga
Hotels currently owns and operates 17 hotels between Canada and United States,
in addition to Turtle Jack’s Muskoka Grill and Starbucks restaurants. In recent
news Manga has announced $300 million in developments in downtown Toronto
hotels.

North Battleford Comfort Inn
construction update

Despite the bitter cold
weather during the first week of April, BCP Construction was able to get most
of fifth floor done on the Comfort Inn and Suites in North Battleford, Sask. and they
expected to finish the 6th and final floor the following week.

Hotel Equities to operate new Fairfield Toronto
East

ATLANTA, GA – Atlanta-based Hotel Equities announced
its selection as the management firm for a new-build Fairfield Inn & Suites
by Marriott-Toronto East located in Ajax, Ontario. Owned by Attica
Hotels Ltd. and developed by Suncity Development Ltd. of Toronto, ON. The
120-room property is scheduled to break ground July 2018.

Located
40 km east of Toronto at Chambers Drive, the Fairfield Inn & Suites will feature 1,500 sq. ft. of meeting space, indoor pool, fitness
center and spacious guest rooms and suites with separate spaces for work and
rest. An adjacent conference center will be designed and developed in
conjunction with the hotel in order to accommodate a growing demand for more
flexible meeting and event space.

Alt Hotel Ottawa unveils new art collection

MONTREAL — Groupe Germain Hotels and MASSIVart are
proud to present the artwork of Montreal's multidisciplinary artist Jason
Cantoro. Exhibited in 132 rooms of the Alt Hotel Ottawa, the collection
consists of a series of 3D origami folded photographs which are installed
directly on the walls.

Groupe Germain Hotels has sought the expertise of MASSIVart to develop a
unique and authentic collection of art pieces that represent the aesthetic of
the Alt banner. In order to create personalized works of art, the MASSIVart
team designed an artistic space in collaboration with Jason Cantoro. Upon
immersing himself in the hotel's sleek urban atmosphere, the artist was
immediately inspired and worked to create pieces that would reflect these
spaces. Cantoro has brought to life exclusive art that perfectly complements
the Alt Hotel Ottawa's urban design, while delicately emphasizing Canada's
heritage- a nod to the national capital where the hotel is located.