Four First Nations, united under a newly created entity, Atenro, announced a partnership with InnVest Hotels to acquire a majority stake in Hilton Québec. Hilton will continue to manage the hotel.
The four First Nations represented are the Naskapi Nation of Kawawachikamach by the Taasipitaakin Trust, the Mi’gmaq of Gespe’gewa’gi by Mi’gmawei Mawiomi Resources LP, the Huron-Wendat Nation by the Wendat Investment Corporation LP and the Cree Nation by the James Bay Eeyou Corporation. Together, they created the Atenro limited partnership, which means “friendship” in the Wendat language.
This agreement marks a significant step in strengthening the economic participation of First Nations in several sectors in Quebec, including the hotel industry. It should be noted that several First Nations already own or share hotel establishments in Quebec.
“Our new partnership demonstrates the willingness of Indigenous communities to invest in the economy in a sustainable way and to strengthen their financial self-sufficiency. The revenues generated by our other investments, such as wind, allow us to diversify our investments,” said Fred Vicaire, CEO of Mi’gmawei Mawiomi Business Corporation, the General Partner of Mi’gmawei Mawiomi Resources LP.
The new owners plan to implement joint initiatives with Hilton Québec and InnVest Hotels to provide employment and training opportunities for members of all First Nations. All current jobs will be maintained. The new owners recognize the exceptional quality of work of all the hotel’s team members and nothing will change as a result of this acquisition.
Located a few steps from Old Quebec City and Parliament Hill, Hilton Québec is recognized for its excellence in hospitality and services. It is one of the jewels of Quebec City’s hotel industry. It features 569 modern rooms and spacious suites with spectacular views of the city.
Directly connected to the Quebec City Convention Centre, the hotel has the largest ballroom in the city and a total of 22 meeting rooms (23,000 ft2 of space). It has a bar and two restaurants. It also offers a fitness centre and a heated outdoor swimming pool.
