Client work
Published16 January 2025
Four First Nations and InnVest REIT finalize Hilton Québec acquisition
On January 16, 2025, four First Nations, united under the newly formed Atenro limited partnership, acquired a majority stake in Hilton Québec in collaboration with InnVest Hotels. Hilton will continue managing the property as part of the agreement.
The Atenro partnership comprises the Naskapi Nation of Kawawachikamach (via the Taasipitaakin Trust), the Mi'gmaq of Gespe'gewa'gi (represented by Mi'gmawei Mawiomi Resources LP), the Huron-Wendat Nation (via the Wendat Investment Corporation LP), and the Cree Nation (through the James Bay Eeyou Corporation). This strategic investment marks a significant milestone in the economic advancement of First Nations in Quebec's hospitality sector. Hilton Québec, located steps from Old Quebec City and Parliament Hill, is renowned for its world-class amenities, including 569 rooms, the largest ballroom in the city, and direct access to the Quebec City Convention Centre.
Gowling WLG advised InnVest REIT on this historic transaction with a team led by Pierre-André Hamel and Naïm-Alexandre Antaki, and including Angelique Merakos, Tamar Chamelian and student-at-law Thomas Du Belloy.
The Atenro partnership comprises the Naskapi Nation of Kawawachikamach (via the Taasipitaakin Trust), the Mi'gmaq of Gespe'gewa'gi (represented by Mi'gmawei Mawiomi Resources LP), the Huron-Wendat Nation (via the Wendat Investment Corporation LP), and the Cree Nation (through the James Bay Eeyou Corporation). This strategic investment marks a significant milestone in the economic advancement of First Nations in Quebec's hospitality sector. Hilton Québec, located steps from Old Quebec City and Parliament Hill, is renowned for its world-class amenities, including 569 rooms, the largest ballroom in the city, and direct access to the Quebec City Convention Centre.
Gowling WLG advised InnVest REIT on this historic transaction with a team led by Pierre-André Hamel and Naïm-Alexandre Antaki, and including Angelique Merakos, Tamar Chamelian and student-at-law Thomas Du Belloy.
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