Delta Hotels and Sun Peaks Resort Corporation Developing $40 million Delta Sun Peaks Resort in British Columbia / Sept 2000

Hotel Online Special Report

Delta Hotels and Sun Peaks Resort Corporation Developing $40 million
Delta Sun Peaks Resort in
British Columbia

SUN PEAKS, B.C. September 14, 2000 � Delta Hotels and Sun Peaks Resort Corporation today announced plans for the design and construction of Delta Sun Peaks Resort, a first-class, 230-room hotel and conference centre to open in time for the Christmas 2001/2002 ski season. The estimated cost of the project is $40 million.

�We are delighted to be working with Sun Peaks Resort Corporation on this project,� commented John Johnston, President, Delta Hotels. �Delta is known for the diversity of its city-centre, resort and airport hotels located in major Canadian business centres and prime, year-round resort destinations. This new resort in Sun Peaks further strengthens our growing resort portfolio.� Delta also features resorts located in Whistler, B.C., Kananaskis, Alberta and Haliburton, Ontario.

Located just 50-km or 30-miles northeast of Kamloops, Sun Peaks Resort is a year-round mountain resort destination featuring spectacular skiing, snow - boarding, mountain biking, hiking and golf in the heart of British Columbia�s interior. Inspired by the beauty and spirit of its location, the construction and style of Delta Sun Peaks Resort will reflect the unique colourful charm of a European mountain village. With 230 rooms, Delta Sun Peaks Resort will be the largest full-service hotel available at Sun Peaks. The hotel will be located at the base of the mountain just steps from the Village Centre, featuring a 150-seat restaurant, an 80-seat lounge, over 12,000 square feet of meeting space with a 5,600-square foot ballroom, a full-service Health Club facility with pool, spa and fitness centre, underground parking and retail shops.

�The development of Delta Sun Peaks Resort will be a strong draw for travellers already familiar with the Delta brand. With its continued growth and natural appeal, Sun Peaks Resort is fast becoming a world-class, four-season vacation destination to rival the most popular vacation resorts,� suggested Masayoshi Ohkubo, President and owner of Sun Peaks Resort Corporation. �In addition to the increased tourism draw, this investment will create close to 500 direct and indirect jobs and will encourage further development in the Sun Peaks Resort area.�

In partnership with Sun Peaks Resort Corporation, Delta Hotels will invest a percentage of the equity capital as well as assume complete management of the hotel operations upon completion.

Delta Sun Peaks Resort to
Create 500 Jobs

SUN PEAKS, B.C., September 14, 2000 � The construction of the new Delta Sun Peaks Resort will have a tremendous impact on the economy by creating approximately 500 direct and indirect jobs, according to estimates prepared by Sun Peaks Resort Corporation.

The capital expenditure of $40 million for the planning and development of Delta Sun Peaks Resort will provide 120 people a year with full-time employment during the construction phase and the related operating expenses of about $8 million will generate 200 jobs and approximately 180 tourism related jobs.

�The continued development and growing international interest of tourists in Sun Peaks Resort will have a very positive impact on both tourism and the general economy of the Sun Peaks, Kamloops and Shuswap region,� according to Masayoshi Ohkubo, President and owner of
Sun Peaks Resort Corporation. �Delta Hotels� strong involvement in the community reflects our commitment to providing visitors with first-class product and services as well as provide potential employees with an opportunity to work for a hotel company who will create an ideal work environment.�

Delta Hotels will oversee the recruitment and hiring process for the employees working at Delta Sun Peaks Resort. Delta Hotels will also manage the operations of the full-service, first-class hotel.

Delta Hotels History

Delta's corporate history began in 1962 when five partners purchased the Delport Inn, a 62 room hotel in Richmond, British Columbia.

By 1970, Delta had become the largest hotel operator in British Columbia. The company expanded eastward in 1975 with the opening of the Delta Chelsea Hotel in downtown Toronto. The Delta Ottawa was added in 1977.

From 1980-82, Delta expanded its national reach by opening properties in Halifax, Saint John, Mississauga, Calgary and Whistler.

Delta moved its corporate office to Toronto from Vancouver in 1983.

In 1986, Delta moved into the Quebec market with the opening of the Delta Montreal, and the American market with the opening of the Delta Orlando Resort.

In 1999, Delta absorbed six current Canadian Pacific hotels and has assumed management of the Radisson Hotel Montreal Centre with 711 rooms.

There are 32 Delta-branded properties representing 11,087 rooms.

Operational: 32 properties, 11,489 rooms
Under Development: 1 property, 121 rooms (Delta Crowbush Resort, Prince Edward Island)

Sun Peaks Resort, formerly Tod Mountain, was first established in 1961. It was purchased by Nippon Cable in 1992 and renamed as part of an extensive resort development plan. Sun Peaks Resort is the only resort in B.C.�s interior that will eventually combine five skiable mountains, a full-facility resort village, 21st Century resort technology and a varied list of four-season recreational, educational and entertainment facilities.

Sun Peaks Resort Corporation is owned by Nippon Cable Co., Ltd., one of two major shareholders in Blackcomb Mountain and one of the world�s largest manufacturers of mountain lift technology.

Delta Hotels is the largest first-class hotel company in Canada, operating over 30 hotels from Vancouver, B.C. to St. Johns, Newfoundland. Delta�s diverse portfolio of city-centre, airport and resort properties cater to business and leisure travellers. Headquartered in Toronto, Delta Hotels is wholly-owned subsidiary of Canadian Pacific Hotels & Resorts Inc.

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Contact:
Catherine Mattice
Manager, Public Relations
Delta Hotels
(416) 874-2038
[email protected]
http://www.deltahotels.com

Also See	What�s Hot and What�s Not in Western Canadian Hotel Markets / Betsy MacDonald HVS / July 2000
	llied Hotel Properties to Acquire the Delta Bow Valley Hotel in Calgary, Alberta / July 2000
	Canadian Hotel Transaction Overview - Summer 2000 / Colliers International Hotel Realty / August 2000

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