Prince Albert Development Corporation

Phone 306.922.0099
Fax 306.922.5075
Email tdejong@padc.ca

Head office
Box 478
Prince Albert SK, Canada
S6V 5R8

Investments

 

Western First Nations Hospitality LP

On March 1st, 2004 the Partnership acquired a 45% ownership interest in Western First Nations Hospitality Limited Partnership (WFNHLP) which was created to purchase and operate the Super 8 Motels in Meadow Lake, Prince Albert and Saskatoon. The other partners in WFNHLP include Peter Ballantyne Developments Limited Partnership (45%) and the Meadow Lake First Nations (10%). In total, the three Super 8 Motels contain 177 guest rooms.

In May 2009 WFNHLP sold 836,820 new partnership units to MLTC Resource Development LP for $2.0 million thereby increasing their ownership position in WFNHLP from 10% to 20%. In November 2009 WFNHLP purchased the Perfect Inns & Suites in Estevan, Saskatchewan for $7.4 million and has since upgraded the Motel and converted it to a Super 8. In January 2012, WFNHLP purchased the Super 8 Motel in Vermillion, Alberta for $8.22 million.