Getting a hotel room during the Stampede has been a challenge for many in the past, but in years to come, it could get easier. Certainly, getting to Stampede Park will be easier in the years to come because the Calgary Municipal Land Corporation (CMLC), the Calgary Stampede and Calgary’s Truman Homes announced on Monday a new hotel is coming to Stampede Park in Calgary’s Culture + Entertainment District. “CMLC and the Calgary Stampede are proud to partner with Truman, who brings more than 40 years of exceptional building experience in Calgary to this much-anticipated hotel development right at the front door to Stampede Park,” said Kate Thompson, president and CEO of CMLC. “Hotel development has been a key priority for CMLC and the Calgary Stampede, and we’ve seen development interest in The District surge with the completion of the BMO Centre expansion, the groundbreaking of Scotia Place and the opening of the new 17 Avenue southeast extension.” “Partnerships and development investments like this one are an indication of industry confidence and enthusiasm for our shared vision for this district, and we’re so pleased to see this project take shape.” .The new hotel will be a full-service, 13-storey upper-upscale lifestyle boutique hotel with approximately 320 rooms, meeting and ballroom spaces, a large food and beverage area with restaurants, a lobby bar, a coffee shop and a roof-lop lounge with views of downtown, plus a south-facing leisure terrace with activity pool, jacuzzi and outdoor bar, plus an indoor swimming pool and fitness club. “This is an exceptional location for a hotel, allowing guests to stay just steps away from the action of annual Calgary Stampede, the Culture + Entertainment District, whether it’s a convention, meeting or event held in the BMO Centre, a hockey game in Scotia Place, or a concert in The Big Four Roadhouse,” said Tony Trutina, COO of Truman. “As a family-owned Alberta-based developer, we are thrilled to partner with CMLC and the Calgary Stampede to bring this project to life in one of our city’s most exciting and fast-growing districts.” According to Thompson, CMLC and the Calgary Stampede have been working to advance hotel development opportunities for the past five years through challenging market conditions impacting hotel and financing requirements. .Trutina says Truman is actively engaged with a world-class international hotel brand partner to operate the hotel, to be announced in the coming months. The hotel, with a development value of $330 million, marks the first full-service convention-oriented hotel built in downtown Calgary in 25 years. “Not only will this new hotel further strengthen our competitive advantage and help draw more visitors to the BMO Centre, Stampede Park, the Culture + Entertainment District and Calgary, but it will also build on the world-class experience guests receive when visiting,” said Joel Cowley, CEO of the Calgary Stampede.“When guests stay at the hotel, they will receive the highest level of Western hospitality that Calgary is known for, through a thoughtful, quality-built project by Truman, and the incredibly elevated guest experience that this hotel will offer.” The submission of regulatory approvals with a development permit is expected to be later in June, with site preparation coming late this year and construction anticipated to be completed in late 2028.
