Basecamp Resorts, a Western Canada’s hospitality brand, today announced it is seeking investors to participate in a 19-million-dollar equity raise through an offering of Limited Partnership Units for its newest development MTN HOUSE BY BASECAMP located in the mountain town Canmore, Alberta.
Investors will get the opportunity to acquire a 99-key hotel that will undergo a complete interior renovation as well as the development of an upscale restaurant and Canmore’s first ever premium Nordic spa.
“With our new Canmore development MTN HOUSE BY BASECAMP, we are offering a rare real-estate, hospitality and wellness investment opportunity in an established and desirable Canadian mountain travel destination,” said Sky McLean, founder and CEO, Basecamp Resorts. “Our new premium, multi-faceted property will fill a current void in the Canmore tourism market with a one-of-a-kind, luxurious travel experience that will attract visitors from around the world.”
MTN HOUSE BY BASECAMP will occupy 3.56 acres of land and feature a four-story, luxury hotel, a high-end restaurant with a focus on sustainability and local ingredients, and a Nordic spa experience offering hydrotherapy, dry and wet sauna and massage services. Construction on the development will begin in June 2023, with the grand opening slated for Summer 2024.
McLean’s original Canmore properties — Lamphouse Hotel, Basecamp Lodge and apartment-oriented Basecamp Resorts Canmore — were designed with an eye on modern Airbnb-inspired trends, and budget-conscious pricing (by Bow Valley standards). After a pandemic pause, Basecamp has undergone a dramatic expansion, with a mix of new builds and the acquisition and renovation of older hotels in need of some TLC in the corridor stretching from Canmore to Revelstoke.
Canmore, Alberta is a growing tourism destination in the Canadian Rockies, located in close proximity to Banff National Park. Served by the Trans-Canada Highway and located one hour from Calgary International Airport, the mountain town is sought after for its recreational offerings (skiing, snowboarding, mountain biking, hiking), vibrant restaurant and shopping scene, breathtaking views of the Canadian Rockies, and abundance of wildlife.
Basecamp Resortscurrently owns and operates nine modern boutique hotel properties in mountain towns across Western Canada.
Rendering Courtesy of Basecamp Resorts