Fairmont Hot Springs Resort announced May 17 it has reached a $5-million financing agreement with the Business Development Bank of Canada (BDC) to help implement several strategic initiatives for the property.

The financing agreement includes both funding towards the enhancement of the resort, and advisory services from BDC’s highly experienced specialists, the resort noted in a media release.

“We are thrilled about our new financing agreement with BDC and the positive impact this will have on our visitors. We are confident that the accommodation and amenity upgrades will guarantee Fairmont Hot Springs Resort remains a premium destination,” says Pascal van Dijk, President & CEO, Fairmont Hot Springs Resort. “We are grateful for the generous financing from BDC and excited for the future of the resort.”

Visitors will be delighted to experience all the upgrades to the property, with the first phase of renovations culminating in July – just in time for the resort’s peak summer season.

Upgrades to the property will include:

• Modern renovations in all guest bathrooms;
• Beautifully renovated king rooms and select guest rooms;
• New deluxe RV sites with spectacular mountain views;
• Prime location cabins with full kitchen, fireplace, patio, BBQ and can sleep up to six guests;
• Renovated pool change rooms and expanded grass area around the natural mineral hot springs pool;
• Addition of pool cabanas with bar and restaurant service;
• New family-friendly activities, including a multisport area, mini putt and electric bike rentals;
• Enhanced dining experience at the Mountain Flowers Restaurant and the Bear’s Paw Bar & Grill including a new food and beverage director, refreshed menus, modern décor and three-season deck.

“BDC is excited to work with organizations such as the Fairmont Hot Springs Resort that show real value for its customers and provide economic rewards to the local market,” said Nathan McAdam, Director, Corporate Financing, BDC. “We are thrilled to be involved in financing tangible improvements for the property so that Fairmont Hot Springs Resort continues to attract thousands of visitors from around the world.”

Upgrades to the resort are ongoing with a pause in construction from July to September to accommodate the resort’s peak season. Phase two will continue into the end of 2018 and into 2019 with the completion of all accommodation upgrades.

Lead image: The public hot pools at Fairmont Hot Springs Resort. e-KNOW file photos

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