Hotel Sector

The Marriott Château Champlain Hotel has served to establish the TMSA Group's reputation. When TMSA bought it in 1995, Montreal's hotel market was in retreat, and the 615 room hotel was in serious difficulty and hemorrhaging money. Three years later after major renovations and a market repositioning, the hotel was very much back in the black and one of the leading hotels in downtown Montreal. The Courtyard Marriott Hotel on Sherbrooke St. in Montreal was bought a year after the Château Champlain and also underwent major turnaround efforts.

TMSA Group sold both hotels in 2005.

At the beginning of 2000, TMSA Group bought El Senador, a resort hotel complex in the Caribbean. The 4 star hotel comprised 690 rooms, 9 restaurants, 4 bars, and a discotheque. It was bought in association with a large foreign company in the area.

After supervising the construction of the tourist complex over a period of two years and conducting the preopening activities, TMSA marketed and managed the hotel for four years. The group sold this asset at the end of 2005. In a highly competitive market with more than two hundred and fifty 4 star hotels, El Senador captured 10% of the Canadian market-an exceptional commercial success in itself.

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