New Castle Hotels & Resorts Purchases the Algonquin Hotel & Resort in St. Andrews-by-the-Sea, New Brunswick
Resort to Close in September 2012 for $20 Million Renovation and Rebranding to Marriott's Autograph Collection Reopening in June 2013
Officials of New Castle Hotels and Resorts, a leading hotel owner, operator and developer, today announced its joint venture purchase of the Algonquin Resort with Halifax-based real estate developer Southwest Properties. The luxury resort, located in St. Andrews-by-the-Sea, New Brunswick, was purchased from the provincial government of New Brunswick, which has owned the historic hotel since 1971.
"New Castle has a tremendous track record of revitalizing these magnificent, landmark hotels and resorts and returning them to their previous grand status," said Gerry Chase, president and chief operating officer of New Castle, which also operates three other iconic Canadian hotels; the Westin Nova Scotian, which it co-owns, as well as the Keltic Lodge Resort and Spa and the Digby Pines Golf Resort and Spa. "The Algonquin Resort was built in the glory days of the Canadian Pacific Railways, and for more than 100 years, this grand dame has been welcoming vacationers, celebrities and heads of state to enjoy its graceful charms. As part of Marriott's Autograph collection, it once again will be able to share its storied past with some of the world's most discerning travelers."
"As an Atlantic Canadian, I am honored to be part of the revitalization of one of our national treasures," said Gordon Laing, president and chief operating officer of Southwest Properties. "The Algonquin is important to the economy of St. Andrews and the entire province, and we take our responsibility to the associates and the surrounding community very seriously. Once the renovation is completed, I am confident that it will again realize its full potential."
According to Guido Kerpel, vice president of Canadian New Castle Hotels, the Algonquin Resort will operate under its current name through the summer season of 2012 and will close in September for more than $20 million in renovations, reopening as the Algonquin Resort under Marriott's Autograph collection in June 2013. Renovations will include a complete upgrade of guest rooms, new windows throughout the Tudor-style hotel, revitalized clubhouse, public spaces and a new indoor pool with a three-story slide. Moncur, a Canadian design firm renowned for its work on the Westin Nova Scotian and the Deerhurst Resort, has been engaged for the redesign.
"When we reopen, the Algonquin Resort will feature the kind of resort accommodations and hotel room amenities that guests of first class resorts expect, including some upgraded facilities that will enhance its year-round appeal," said Kerpel.
The Algonquin Hotel & Resort overlooks the picturesque Passamaquoddy Bay from St. Andrews-by-the Sea, New Brunswick, Canada. Now in its second century of service, the Algonquin is home to the award-winning seaside Algonquin Golf Course, adjacent to the Bay of Fundy and home to two of the top ten golf tees in Canada. The course is ranked among Canada’s top 100. The hotel also features 234 guest rooms and suites, as well as four dining options ranging from formal to golf-course casual and the New Brunswick Spa.
About New Castle Hotels and Resorts
New Castle Hotels & Resorts, is an award-winning independent third-party hotel manager, owner anddeveloper with 22 hotels and resorts and nearly 3,600 rooms under contract or in development. New Castle"s growing portfolio of hotels spans 11 states and three Canadian provinces and includes several of Canada"s historic landmark resorts. The privately-held company was established by CEO, David Buffam in 1980 and consistently ranks among the top hotel management and development companies in North America. New Castle was honored with Marriott's 2014 Best Renovation award for the Algonquin Resort and is a preferred operator for diverse brands within the Marriott, Hilton and Starwood families. For additional information, please go to www.newcastlehotels.com.