Truman and Marriott International have unveiled plans to open three new hotels in Calgary as part of a $1.47-billion investment.
The projects include the 69-storey W Calgary, 62-storey JW Marriott Calgary, and an Autograph Collection Hotel at Stampede Park.
Truman and joint-venture partner Louson will lead the three-hotel development project. Mariott will manage and operate the hotels.
Truman, Calgary Stampede Board and city officials previously announced plans for the hotel at Stampede Park, but Marriott had not yet been confirmed as the hotel manager. The Stampede grounds hotel will be named later and under the Autograph Collection Hotels label.
The W Calgary, JW Marriott Calgary, and Stampede Park hotels are scheduled to open in 2028, 2029, and 2030 respectively. Truman acquired the Stampede Park property, located in the Weadickville area, as part of a land swap with the city, which will use its parcel as part of a new arena for the NHL’s Calgary Flames and other major teams that will call it home.
If all goes according to plan, W Calgary and JW Marriott Calgary will rise on a site adjacent to the Stampede Grounds at 15th Avenue S.E. and Macleod Trail S.E.
Those two buildings are expected to become two of Western Canada’s tallest residential towers. W Calgary will feature 157 guest rooms, including 27 suites, along with 239 branded residences, a rooftop bar, a spa, a specialty restaurant, and about 16,000 square feet of meeting space. JW Marriott Calgary will include 248 guest rooms and 120 branded residences, 32,500 sf of meeting space, an indoor-outdoor pool, curated retail, and a JW Garden.
“Truman and Louson, as Calgary-based and family-owned companies, have a deep commitment to this city, and we believe this project will be a significant catalyst for the local economy,” said Tony Trutina, Truman’s chief operating officer. “Beyond creating numerous construction jobs, these hotels are expected to generate substantial long-term employment opportunities, boost tourism, and support local businesses through increased visitor spending.”
The $330-million Autograph Collection Hotel, developed in partnership with the Calgary Stampede, will include 320 guest rooms, a rooftop lounge, 14,000 sf of food-and-beverage options, and 15,000 sf of meeting and event space.
“We are thrilled to work with Marriott on the Autograph Collection Hotel on Stampede Park,” adds Joel Cowley, CEO of the Calgary Stampede. “With the growing demand for meetings and conventions at the expanded BMO Centre and across Calgary, these three hotel offerings dramatically elevate our competitive advantage as a host city and complement the Calgary Stampede’s world-known exceptional Western hospitality.”
Together, the three hotels will offer more than 700 premium and luxury rooms and nearly 360 branded residences. The projects are expected to create approximately 9,100 construction jobs and more than 2,000 ongoing operational roles. Truman projects annual contributions of over $120 million in GDP from hotel operations and $111 million from visitor spending.
Truman is a developer and builder with more than 40 years of experience creating residential and mixed-use communities across the region. Louson has been involved in real estate acquisition and development for more than 80 years.
Pictured: Proposed future hotel on the Calgary Stampede grounds.
Rendering: CMLC
Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
Learn more
Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone, with Jim Gibson, brokered the $9.4 million sale of Southfield Apartments. The 84-unit multifamily complex was built in 1993 and is located at 7009 S 83rd St. in La Vista, Nebraska. Northmarq represented the seller, an Omaha-based private investor in...
Learn more
JLL has arranged the $25 million sale of FourNorth Apartments, a 76-unit boutique apartment community in Arlington Heights, Illinois. JLL worked exclusively on behalf of the seller, Benchmark Developers, in the sale of the property to a private investor. JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Bill Baumann,...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California