Oxford Properties has acquired The Rimrock Resort Hotel in Banff, Alta. and hospitality group Accor has signed on to operate the hotel.
The property will undergo a comprehensive top-to-bottom renovation to transform the hotel, as part of a significant investment by Oxford and its capital partner. The hotel will continue to operate throughout the renovation period. The investment will enhance the luxury experience available to guests in Banff National Park, improve the environmental sustainability of the hotel, and amplify The Rimrock’s distinctive location in the famed Canadian Rockies.
The Rimrock Resort Hotel is open and will continue to operate throughout the renovation period, welcoming guests to enjoy the hotel’s spectacular location, upscale rooms, popular amenities and unparalleled views of the Canadian Rockies. Idyllically located on Sulphur Mountain in Banff National Park, The Rimrock Resort Hotel is just four kilometres south of the picturesque town of Banff. With a rich history dating back to 1884, the property is considered one of the premier hotels in the world-renowned destination.
With the addition of The Rimrock Resort Hotel to their prestigious collections, Accor and Oxford are able to offer travelers another compelling invitation to visit one of Canada’s most renowned locations.
“We are very excited to acquire this extremely unique resort within the vibrant, high barrier to entry Banff market. Our acquisition of The Rimrock speaks to our long-term conviction in Canada’s luxury resort hotel market, where we have meaningful scale,” said Tyler MacDonald, head of hotels and alternatives at Oxford Properties. “It also grows our important relationship with Accor, offering world class resort experiences in renowned destinations across Western Canada.”
The Rimrock represents Oxford’s first hotel acquisition since 2014 and signifies its long-term conviction in the luxury resort hotel sector within Canada. Oxford’s plans for a substantial investment into The Rimrock will create a leading hotel offering in Banff, positively impacting the local economy and attracting both domestic and international visitors.