Bright Ideas

Hotel Partnership on Campus

Institution: , Olds, , Canada

Project Partners: Pomeroy Inn & Suites

Olds College has broken new ground on a partnership with the Pomeroy Inn and Suites.  Through a Trust, which was established by the college, they were able to invest a 40% stake through a Limited Partnership in the Hotel and Convention Centre which is located on college land.  While the college doesn’t have a role in operations, a revenue stream is created from the equity in the operation as well as a 30-year lease on the land.  Not only is having a conference centre and hotel on campus a great asset for the college, but the hotel also has a teaching brewery attached for the Brewmaster Program. The new Hospitality Program will also use the hotel as a teaching site.  The innovation doesn’t stop there…the college partnered with Chartwells, the college’s food provider, to bid on the hotel food and beverage which includes the conference services as well as a full-service restaurant.  Again, the college is not involved in operations but shares in revenue.

olds-hotel

Key Contact

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Please answer the question below to confirm that you are not a spambot * Time limit is exhausted. Please reload CAPTCHA.

All contents copyright © 2014 Eduvation Inc. All rights reserved.