Hotel Equities and Horizon North Logistics have broken ground on a fully modular Fairfield by Marriott hotel in Kitimat, British Columbia. Hotel Equities will manage the property, slated to open in Q1 2020.
The 120-room hotel marks the second phase of an entirely modular-built, mixed-use community development from Horizon North. “The speed of modular construction offers opportunity for owners to open the doors faster and begin generating a return on investment, a critical consideration in development,” said Rod Graham, president/CEO of Horizon North.
The approximately 55,000-square-foot hotel will include flexible meeting space, a fitness center and a lounge with food service.
Joe Reardon, chief development officer for Hotel Equities, highlighted the advantages of working with Horizon North at this stage in the process. “Our engagement at inception will deliver a strong ROI to the owners, aiding them in all aspects of development, pre-opening and post-open operations,” he said.
A Calgary, Alberta-based corporation, Horizon North specializes in industrial services and modular construction. Within hospitality, its work includes hotels in Revelstoke and Oliver, British Columbia, a hostel nearing completion in Jasper, Alberta, and a hotel currently under construction in Prince George, British Columbia.
Hotel Equities is an Atlanta-based, full-scale hotel ownership, management and development firm. It operates more than 120 hotels across North America.