Saskatchewan's hospitality industry continues to grow with new construction showing optimism in the future market. Economic diversification among natural resources, construction, technology and agriculture continue to drive growth in Saskatchewan with tourism and infrastructure investment following.
Westcap has approached investment in the hospitality sector seeking companies with strong balance sheets that are able to weather economic cycles or consolidation opportunities made available when cash flow becomes tight by prolonged economic downturn. Westcap is committed to making capital investments to ensure a superior product offering.
With recent renovations, both of Westcap’s investments – the Regina Ramada Plaza and the Ramada Saskatoon – are well positioned to utilize their abilities to be a one-stop hotel for guest needs. This clearly gives the hotels a distinct advantage over all the new limited service builds in the market. ”The latest renovations to the banquet areas certainly give us an edge” says Mr. Darryl Caudle, Vice President of Hotel Operations for Westcap.
Provided below are examples of Hospitality investments within Westcap's portfolio: