On October 31, 2006, Fortis Properties Corporation, a wholly owned subsidiary of Fortis Inc., completed the purchase of a four-hotel portfolio in Alberta and British Columbia from Lodge Motel (Kelowna) Ltd. The hotels acquired are the Ramada Hotel & Suites in Lethbridge, Alberta, the Best Western and Holiday Inn Express and Suites in Medicine Hat, Alberta and the Holiday Inn Express in Kelowna, British Columbia. The four hotels were acquired for $51.6 million.
Fortis was represented by Gowling Lafleur Henderson LLP with a team led by Andrew Oppenheim, assisted by Lisa Buriak in Alberta and Phillip Marshall and Joel Camley in British Columbia.
Lodge Motel (Kelowna) Ltd. was represented in Alberta by Ross Wilde of Huckvale Wilde Harvie MacLennan and in British Columbia by David Burgess of Burgess & Company.