Canada-based Germain Hotels has secured C$160m ($115.25m) in an investment round, led by Caisse de dépôt et placement du Québec (CDPQ).
The round saw participation from development capital fund Fonds de solidarité FTQ and Investissement Québec, a financial services company.
CDPQ executive vice-president and Québec head Kim Thomassin added: “For nearly 15 years, CDPQ has played a major role in supporting Germain Hotels at three key moments in its expansion across Canada.”
“By…