Allied Hotel Properties

Title: Allied Hotel Properties
Category: Travel & Accomodations
Clicks: 7
Added on: Jun 16, 2012
Allied Hotel Properties is engaged in the management, ownership, and development of real estate and hotels in Canada. It is a growth oriented company with a focus on business class hotels situated in urban centres in Canada.

Allied Hotel Properties was established in 1982 and is presently headquartered in Vancouver. In 1998, it was restructured and acquired Allied Holdings Group’s hotel interests. The latter was created in 1968 and owned and developed residential and commercial real estate.

The company’s portfolio of hotel properties consists of two hotels: Crowne Plaza Chateau Lacombe Hotel and Toronto Don Valley Hotel and Suites. Crowne Plaza is located in downtown Edmonton and has 307 rooms. The hotel is managed by the company and found close to the Alberta legislature, the Edmonton Convention Centre, the business district, and several shopping centres. Crowne Plaza is also a short walk to the corporate offices of Petro Canada, Imperial Oil, Telus, CN Rail, IBM, and other well-known companies. Amenities include high-speed internet, a parkade, a roof-top restaurant, a business centre, and more. Allied Hotel Properties also has 100 percent interest of the Toronto Don Valley Hotel and Suites, which is close to the Toronto Botanic Garden ant Ontario Science Centre. It is a full service hotel with 353 rooms, convention and banquet facilities, outdoor/ indoor pools, and several restaurants. The hotel is situated close to many corporate headquarters and well-positioned to receive bookings, especially from downtown Toronto. Toronto Don Valley also has a Health Club equipped with steam rooms, a whirlpool, and exercise equipment. The renovation of the hotel started in 1998 and was completed the next year.

The main goal of Allied Hotel Properties is to provide hospitality and hotel services as to maximize returns and share value. The company aims to maintain a diversified portfolio of hotel properties and engage in sound asset management. Allied Hotel Properties aims to increase its assets through acquisition and development as well as through repositioning and upgrading initiatives. Among the main competitors of the company are Fairmont Hotels & Resorts, Royal Host, and others.
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