Victory Majors inks deal for hotel on Saskatoon's River Landing

Victory Majors Investment Corporation has inked a deal with Alt Hotels for a 15-floor hotel on Parcel Y in Saskatoon’s River Landing.

The Alt Hotel will be located northeast of the intersection of Spadina Crescent East and Second Avenue in front of the Remai Modern Art Gallery of Saskatchewan.

The hotel will feature 155 guest rooms right on the South Saskatchewan River. The property will also feature 4,000 square feet of meeting space, a fitness centre and a restaurant. In addition to the Alt Hotel, the 2.84-acre extension will feature a unique condominium development, as well as two properties housing a mix of office and commercial space.

“We are very excited for the City of Saskatoon regarding the direction this project is taking,” said John Nasser, president of Victory Majors Investments Corp.

Construction is expected to go ahead this year in hopes to be finished by 2018.

Known as Parcel Y, the new development at River Landing is owned through a joint venture partnership between Greystone Managed Investments Inc., and Victory Majors. Triovest and the City of Saskatoon. The 36-acre riverfront district already features attractive parks, pathways, residential developments, businesses and retailers.