Temple Hotels

Temple Hotels is a Canadian hotel real-estate company focused on owning and managing lodging properties in multiple Canadian provinces and territories. The business operated as Temple Real Estate Investment Trust, commonly known as Temple REIT, before converting from an income-trust structure into a corporation named Temple Hotels Inc. effective December 31, 2012. Its portfolio has included branded hotels, suites, conference-oriented properties, and independent or locally named accommodation assets. The company’s holdings have been geographically concentrated in Canada, with a particularly strong presence in Alberta. By 2020, Temple Hotels owned 28 hotels, including nine in Fort McMurray, a market that became an important part of its portfolio. Its properties have also extended across Saskatchewan, British Columbia, Manitoba, Nova Scotia, Ontario, the Northwest Territories, and other Canadian markets. The portfolio has used a range of international and domestic hotel flags, including Best Western, Holiday Inn, Hilton Garden Inn, Marriott, Radisson, Sheraton, and Wyndham-related brands, alongside properties operating under names such as Clearwater, Franklin, Nomad, and Saskatoon Inn. Temple Hotels was formerly a public real-estate investment vehicle traded on the Toronto Stock Exchange under the symbol TPH. Its conversion into a corporation represented a structural change in the way the business was organized and governed, while preserving its focus on hotel ownership and management. The company’s properties have served business travelers, extended-stay guests, leisure visitors, and groups requiring meeting or conference facilities. In February 2020, Morguard Corporation purchased Temple Hotels. Following the transaction, Temple became a subsidiary of Morguard, a Canadian real-estate company. The acquisition ended Temple’s independent public-market identity and placed its hotel portfolio within Morguard’s broader real-estate operations. The Temple name therefore describes both a former publicly traded hotel real-estate entity and a hotel portfolio operating under the ownership of Morguard.

Temple Hotels developed as a Canadian hotel real-estate investment business rather than as a conventional consumer hotel chain. Its original structure was Temple Real Estate Investment Trust, or Temple REIT, an income trust established to own and manage hotel properties. The trust model placed the business within the Canadian real-estate investment sector and supported ownership of a geographically distributed lodging portfolio. The company’s properties were spread across several Canadian regions. Alberta became its most significant concentration, with holdings in Fort McMurray, Edmonton, Sherwood Park, Lloydminster, and Red Deer. The Fort McMurray portfolio included several suite, residence, and full-service hotels, giving the company exposure to both traditional accommodation and longer-stay demand. Other holdings extended to British Columbia, Manitoba, the Northwest Territories, Nova Scotia, Ontario, and Saskatchewan. This geographic distribution reduced the company’s identity as a single-destination hotel operator and instead positioned it as a multi-property owner using a combination of franchise affiliations and individual property names. In 2012, the portfolio included properties such as Best Western Wayside Inn & Suites in Lloydminster; Clearwater, Franklin, Merit, Nomad, Radisson, and Vantage properties in Fort McMurray; Holiday Inn and Hilton Garden Inn properties in the Edmonton area; Sheraton Red Deer; Inn at the Quay in New Westminster; Holiday Inn South in Winnipeg; Chateau Nova properties in Yellowknife; Cambridge Suites and the Prince George Hotel in Nova Scotia; Marriott properties in Ottawa and London; Holiday Inn Express in Nepean; Saskatoon Inn & Conference Centre; and Wingate by Wyndham in Regina. The list illustrates the company’s combination of recognized hotel flags, suite hotels, conference properties, and locally established assets. A major structural turning point occurred at the end of 2012. Effective December 31, Temple REIT converted from an income trust into a corporation and adopted the name Temple Hotels Inc. The change placed the business in corporate form while retaining its central activity: hotel ownership and management. Before its acquisition, Temple was publicly traded on the Toronto Stock Exchange under the ticker TPH. The company continued to operate and expand its hotel ownership platform in the following years. By 2020, Temple owned 28 hotels. Nine were located in Fort McMurray and three were in Saskatchewan, demonstrating the continuing importance of selected regional clusters within the portfolio. Temple Gardens Hotel & Spa, which had been associated with the company’s name, was among the properties formerly connected with the portfolio. In February 2020, Morguard Corporation acquired Temple Hotels. The transaction transformed Temple from an independently listed hotel real-estate company into a subsidiary of Morguard. After the acquisition, Temple’s corporate identity and property holdings became part of Morguard’s wider real-estate organization. Public information identifies the acquisition and subsidiary relationship, but does not establish a separate consumer-facing hotel chain with standardized Temple-branded rooms. Temple is therefore best understood as a Canadian hotel ownership and management platform whose portfolio has operated through numerous individual and franchised hotel brands.

• 2020

  Acquisition by Morguard Corporation

  [1]Temple Hotelsen.wikipedia.org

  Morguard Corporation purchased Temple Hotels in February 2020, making the hotel company a Morguard subsidiary.

• 2012

  Conversion from Temple REIT to Temple Hotels Inc.

  [1]Temple Hotelsen.wikipedia.org

  The company converted from the Temple Real Estate Investment Trust income-trust structure into a corporation named Temple Hotels Inc., effective December 31, 2012.

A Canadian hotel real-estate owner and operator with a diversified, multi-brand portfolio serving business, extended-stay, leisure, and conference customers.

• Hotel real estate

  Canadian hotel portfolio

  Temple Hotels' principal offering is its portfolio of owned and managed Canadian lodging properties. The portfolio has included full-service hotels, suite hotels, extended-stay accommodation, conference-oriented properties, and franchised locations operating under several international hotel flags. Its holdings have been distributed across multiple provinces and territories, with a notable concentration in Alberta and especially Fort McMurray.

• Regional hotel portfolio

  Fort McMurray hotel portfolio

  Fort McMurray has been a major regional cluster for Temple Hotels. Properties associated with the portfolio have included Clearwater, Franklin, Merit, Nomad, Radisson, and Vantage hotels, among others. By 2020, nine of Temple's 28 hotels were located in Fort McMurray, making the market a defining part of the company's Canadian operating footprint.

• Hotel and spa

  Temple Gardens Hotel & Spa

  Temple Gardens Hotel & Spa was a property formerly associated with Temple Hotels and is identified as the namesake property of the company. It represented the portfolio's resort and spa-oriented accommodation segment rather than a standardized Temple-branded hotel product.

• 2020

  Sale to Morguard CorporationM&A

  Background

  Temple Hotels was a publicly traded Canadian hotel real-estate company with a portfolio of properties across the country.

  Action taken

  Morguard Corporation purchased Temple Hotels in February 2020.

  Aftermath

  Temple became a subsidiary of Morguard, ending its status as an independently listed hotel company.

  Source

• 2012

  Corporate conversion from income trustStrategy

  Background

  Temple operated under the name Temple Real Estate Investment Trust and used an income-trust structure before the end of 2012.

  Action taken

  The business converted into a corporation named Temple Hotels Inc., effective December 31, 2012.

  Aftermath

  The conversion established Temple Hotels Inc. as the company's corporate form while it continued to own and manage Canadian hotel properties.

  Source

1. 1Temple Hotelsen.wikipedia.org