Temple Hotels Explained

Temple Hotels Inc.
Predecessor:	Temple Real Estate Investment Trust
Type:	Public
Location City:	Winnipeg
Location Country:	Canada
Location:	2600 Seven Evergreen Pl^[1]
Industry:	Real Estate
Services:	Hotel property ownership and management
Parent:	Morguard Corporation

Temple Hotels Inc. is a Canadian real-estate company that owns and manages hotels across Canada. By 2020, the company owned 28 hotels, nine of which were located in Fort McMurray, Alberta, and three in Saskatchewan, formerly including the Temple Gardens Hotel & Spa (its namesake).

Originally established as an income trust under the name Temple Real Estate Investment Trust, the company converted to a corporation under the name Temple Hotels Inc., effective December 31, 2012.^[2] Formerly listed on the Toronto Stock Exchange under the symbol TPH, Temple was purchased by Morguard Corporation in February 2020 to become a subsidiary of Morguard.^[3]

Properties

In 2012, Temple REIT owned the following properties:^[4]

• Alberta
  • Best Western Wayside Inn & Suites — Lloydminster
  • Clearwater Suite Hotel — Fort McMurray
  • Clearwater Residence Hotel - Timberlea — Fort McMurray
  • Franklin Suite Hotel — Fort McMurray
  • Holiday Inn Express — Sherwood Park^[5]
  • Hilton Garden Inn - West Edmonton — Edmonton
  • Merit Hotel & Suites — Fort McMurray
  • Nomad Hotel & Suites — Fort McMurray
  • Radisson Hotel & Suites — Fort McMurray
  • Sheraton Red Deer — Red Deer
  • Vantage Inn and Suites — Fort McMurray
• British Columbia
  • Inn at the Quay — New Westminster
• Manitoba
  • Holiday Inn South — Winnipeg (50%) ^[6]
    • Northwest Territories Chateau Nova and Chateau Nova Suites — Yellowknife
• Nova Scotia
  • Cambridge Suites — Halifax
  • Prince George Hotel — Halifax
  • Cambridge Suites — Sydney
• Ontario
  • Courtyard by Marriott — Ottawa
  • Holiday Inn Express Hotel & Suites Ottawa West — Nepean^[7]
  • Residence Inn by Marriott — London
• Saskatchewan
  • Saskatoon Inn & Conference Centre — Saskatoon^{[8] [9]}
  • Wingate By Wyndham — Regina

Notes and References

1. Web site: Company Snapshot. Financial Post. 2011-12-03.
2. Web site: Aug 28, 2012 . Temple REIT to convert to corporate structure . 2012-10-25 . The Globe and Mail.
3. Temple & Morguard Complete Going Private Transaction and Early Warning . February 18, 2020 . Morguard Corporation . CNW Group.
4. Web site: Temple REIT Our Hotels. Temple REIT. 2012-08-21.
5. Web site: Sherwood Park Press Release.
6. Web site: TETemple REIT buys 50 per cent stake in Holiday Inn South for $5.5M. Winnipeg Free Press. 2012-11-22. 2012-11-24.
7. Web site: Temple Hotels Inc. completes acquisition of Holiday Inn Express in Ottawa West. Canadian News Wire. Oct 9, 2013. 2013-10-20.
8. Web site: TEMPLE REIT ANNOUNCES ACQUISITION OF SASKATOON INN & CONFERENCE CENTRE LOCATED ADJACENT TO SASKATOON AIRPORT. Temple REIT. October 15, 2012. 2012-10-25.
9. Web site: October 16, 2012 . TTemple REIT purchases Saskatoon Inn for $37.15M . 2012-10-25 . The StarPhoenix.