Ottawa taxpayers could provide a $13 million grant to support the construction of a 180-room hotel at the Ottawa International Airport, as part of a program to support the airport's post-pandemic rebound.
A report for the finance and corporate services committee recommends approving the grant over 25 years under the Ottawa International Airport Community Improvement Plan to support Germain Hotel's proposed development of the $55 million Alt Hotel at the airport.
The goal of the grant is to support the airport's post-pandemic rebound and city-wide economic growth, after the airport saw a significant decline in passenger air travel during the pandemic, city staff say. In July 2019, Germain Hotels and the Ottawa International Airport announced plans to build a $42 million, eight-floor hotel at the airport. By the summer of 2020, the project was abandoned due to a "business climate resulting from pandemic impacts on air travel and visitation to Ottawa, mandated business closures, and supply chain issues affecting costs", staff say.
"In late 2022, Germain Hotels decided to proceed with the project, but only if they could secure the financial incentive available through the YOW CIP program," staff say in the report for the April 4 finance and corporate services committee meeting.
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