March 30, 2012
The Algonquin Resort, in St. Andrews by-the-Sea, N.B., will undergo a $25-million refresh that will repair and renovate the property.
Renovations include all new windows, new decor and an indoor pool. Some of the work will require the hotel to close in September and reopen June 1, 2013; affected areas include the main building. The Prince of Wales wing is, however, expected to remain open.
This follows the recent sale of the hotel by the New Brunswick government, which transferred ownership to New Castle Hotels and Southwest Properties.
The property, which has been losing about $2-million annually for the last 10 years, will operate as a Marriott.
In February, 2011, the province began searching for a new operator after Fairmont Raffles Hotels International announced it would not renew its management agreement beyond the end of 2011.
Visit the Algonquin’s site