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Saskatoon's Bessborough Hotel under new ownership

Saskatoon’s landmark hotel, the Delta Bessborough is now under new ownership. The British Columbia Investment Corporation (bcIMC) took ownership of the historic hotel on February 1 but just announced the acquisition recently.


The new owners took a pass on disclosing the purchase price but did indicate that they plan on investing an additional million dollars in “upgrades” to be completed this year.


The Bessborough Hotel was built between 1928 and 1932 by the Canadian National Railway. A severely depressed economy delayed the hotel’s opening until late in 1935 when its first guest was welcomed. The Baltzan family acquired the hotel in 1972 and eventually passed control to Canadian Pacific Hotels in the 1980’s. It was purchased by the Legacy Hotels Real Estate Investment Trust in 1998 and a $9,000,000 restoration project, intended to reclaim many of the hotel’s historical features was undertaken in 1999. The 225 room four star hotel graces the west bank of the South Saskatchewan River in downtown Saskatoon.


bcIMC manages a pension fund which finances retirement benefits of some public employees in British Columbia including health-care workers, firefighters and teachers. They also own the Radisson Hotel and the Saskatoon Inn. With all three hotels in their portfolio they’ve got quite a handle on the upper end market in Saskatoon.


Any guesses on the price tag of this magnificent piece of Saskatoon?


I’m always happy to answer your Saskatoon real estate questions. 


All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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