Genesis Hospitality, a privately owned hotel company based in Brandon, Man., has acquired a two-hotel complex near Calgary International Airport, adding to its growing presence in Alberta.
The purchase covers a dual-branded property at 2500 and 2530 48th Ave. N.E. housing the Courtyard by Marriott and The Residence Inn by Marriott. Built in 2012, the six-storey complex has 329 rooms total, with the Courtyard offering 171 rooms geared toward business and leisure travellers, and the Residence Inn providing 158 larger extended-stay suites with kitchens and workspaces.
Kevin Swark, executive president of Genesis Hospitality, said the acquisition is a significant step in the company’s Alberta growth strategy, which already includes hotels in Red Deer and Edmonton. He said the Calgary location, along with the property’s banquet facilities and guest accommodations, positions the company to serve travellers across the province.
Amenities and Recent Renovations
The complex includes 7,900 square feet of combined conference and event space, anchored by the Stampede Ballroom, which can seat up to 300 guests. Guests at both hotels share access to an indoor pool, sauna, fitness centre and a complimentary airport shuttle.
Swark said the hotels were recently renovated and that Genesis does not expect to make changes to the properties or their operations. He said the company had been looking to add a Calgary property for several years and that this acquisition allows Genesis to link its hotels across a corridor spanning Calgary, Red Deer and Edmonton. He added that the familiarity with the Marriott brand, along with the condition and performance of the hotels, factored into the decision.
Calgary’s Hotel Market Trends Upward
According to the Calgary Hotel Association’s 2025 Impact Report, average hotel occupancy in the city rose 0.8 per cent to 67.5 per cent in 2025 compared with the prior year, while revenue per available room climbed 7.4 per cent to $125.51. The association said visitors to Calgary spent about $3.3 billion last year, a 2.5 per cent annual increase. The city recorded roughly 129,000 hotel bookings for meetings and conventions, 164,000 for travel trade and leisure, and 62,000 for sports and major events.
Swark pointed to continued growth at the expanded BMO Centre at Stampede Park Convention Centre and the upcoming Scotia Place arena, a $1.2-billion project replacing the 44-year-old Saddledome, as factors supporting Calgary’s visitor outlook. The Saddledome is in its final NHL season before the Calgary Flames move to Scotia Place for the 2027-2028 season.
Airport Traffic Also Climbing
Swark also cited growth at Calgary International Airport, noting new international routes beginning this year. According to the Calgary Airport Authority, YYC served 19.4 million travellers last year, up 2.7 per cent from 2024, and added 13 new routes in 2025, bringing its total to 108 non-stop destinations.
Genesis Hospitality’s Broader Portfolio
Founded in Brandon, Man. in 1978, Genesis Hospitality Management owns, operates and manages hotel properties across Canada. The company currently holds 15 hotels in its portfolio and also manages the Four Points by Sheridan Regina. In March, Genesis opened the 129-room Hyatt House Thunder Bay, developed in partnership with Hyatt. The company’s other properties span Red Deer, Edmonton, Sudbury, Mississauga, Vaughan, Hamilton, Winnipeg, Brandon and Flin Flon.
Swark said Genesis is owned by three families and described the company’s approach as a slow-growth acquisition strategy, with methodical expansion over the past 20 years.
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