The hotel will be “renovated from the ground up to transform the hotel” as part of a major, but undisclosed investment, with work expected to begin in 2024.
BANFF – Banff’s Rimrock Resort, which is under new ownership by an international conglomerate that is expanding its resort, will undergo a major renovation.
On June 13, Oxford Properties Group, a global real estate broker, property manager and developer, announced its purchase of The Rimrock, along with its major corporate partner.
Accor, the second largest hotel chain in North America, which owns the Fairmont Banff Springs Hotel and Chateau Lake Louise, has signed with Oxford to operate The Rimrock, operating immediately.
Officials say the site will be “renovated from the ground up to transform the hotel” as part of a major, but undisclosed, investment, noting that renovation plans will begin immediately, with work expected to begin in 2024.
Gregor Resch, vice president of Fairmont in the Western Mountain Region of Canada – Banff Springs, Chateau Lake Louise, Jasper Park Lodge and Chateau Whistler – said he is delighted that Rimrock will join the Accor group.
“With a shared vision for the redevelopment of the property, supported by Oxford’s re-leasing of the hotel, and Accor’s global reach and proven expertise in luxury, we are excited to embark on this transformational journey for The Rimrock together,” he said in a statement. media release.
Currently, The Rimrock Resort Hotel is open. The Rimrock, located outside the Town of Banff on Sulfur Mountain, pays tax to Improvement District No. 9 and is subject to Parks Canada development regulations.
Rimrock has 330 guest rooms, including 24 luxury suites, 18,000 square feet of spa, 9,000 square foot spa, indoor pool, fitness center, and ice skating rink.
The hotel also has four restaurants and bars, including the award-winning five-diamond restaurant, Eden.
Rimrock represents Oxford’s first acquisition since 2014, but its 30th location in Canada.
“We are very excited to acquire this unique resort within Banff’s established, high-end market,” said Tyler MacDonald, head of hotels and alternatives at Oxford Properties, in a news release.