Development Pipeline Scheduled for 2024

RENAISSANCE HOTEL DOWNTOWN OTTAWA

Rimap Hospitality Expands Footprint In Ottawa

RIMAP Hospitality, a Montreal-based operator of premium branded hotels in Quebec and Ontario, today announced it has signed an agreement with Marriott International to add to its growing portfolio of Ottawa hotels with the addition of the Renaissance Hotel Downtown Ottawa. Located at the corner of Bay and Slater Street, steps from the Lyon LRT Station and Parliament Hill, the project will occupy one of the remaining developable areas in the downtown core.

"We are thrilled to continue our development momentum with our third hotel with Marriott International in downtown Ottawa," said Marc Varadi, President of RIMAP Hospitality. "Renaissance Hotels connects travelers to the spirit of the neighborhood through its unexpected design, entertaining evening bar rituals, and engaging Navigators, providing an experience unlike anything in downtown Ottawa today that will cater to the unconventional business and leisure traveler."

Rising 35 floors, the mixed-use tower is expected to offer 230 rooms and 270 rental apartments. The full-service lifestyle hotel will feature distinct experiences including an eclectic lobby bar and restaurant, and 6,000 square feet of meeting space.

Led by a first-class team including RIMAP Development, RIMAP Construction, RIMAP Hospitality, GeigerHuot Architecture and Design Agency, the hotel will transport guests through a theatrical and unscripted design aesthetic.

Renaissance Hotels, part of Marriott Bonvoy's portfolio of 30 extraordinary brands, currently operates over 170 properties in nearly 40 countries and territories around the world.

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With over 175 hotels in nearly 40 countries around the world, Renaissance Hotels has hit its stride with the strongest hotel portfolio in its history, doubling down on its commitment to design with dramatic renovations and dynamic global growth on the horizon. Around the world, Renaissance Hotels connects travelers to the spirit of the neighborhood through its unexpected design, entertaining evening bar rituals and engaging Navigators,...

Marriott International, Inc., (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 8,200 properties under 30 leading brands spanning 138 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy®, its highly awarded travel program.