Temple Real Estate Investment Trust says it is buying the Acclaim Hotel Calgary Airport for $42 million.
The existing four-storey, full-service hotel, which opened in 2009, consists of 123 guest rooms. However, Temple says an expansion already underway will add an additional 102, bringing the total room count to 225. Temple said the expanded hotel will offer a variety of amenities, including 6,500 square feet of banquet and meeting space, two roof-top outdoor whirlpools, a leased restaurant and lounge and leased salon and sundry shop. The expansion is expected to be completed by summer 2013.
