Temple Hotels Inc. – Fort McMurray Property Update

MISSISSAUGA, ON, June 2, 2016 /CNW/ – Temple Hotels Inc. (“Temple”) (TSX:TPH) announced today it has received preliminary structuralmechanical, physical inspection and environmental, health and safety assessment results on its properties located in the Fort McMurray area.

Seven properties have been identified as having light to moderate impacts from the Fort McMurray wildfires, and are being remediated and cleaned as recommended and supervised by Intertek, our Environmental Health & Safety consultant.  Services available at these properties will continue to be impacted for a period of time.  Reservations are being taken based on availability.  For updates on services and availability, check the relevant hotel website or contact the hotel directly.  Details regarding the status of these properties is as follows:

 

Two additional properties, Merit Hotel & Suites and Radisson Hotel & Suites Fort McMurray, sustained greater fire, smoke and water damage and a full assessment and action plan for repair and remediation is being developed and implemented.  The timeline for full opening could be up to three months.

All Temple properties have been subjected to air quality testing with results generally showing that air quality at all properties is within normal ranges for indoor hotel environments and below applicable guidelines and standard limits with only a few localized exceptions.  Soot, char, and fire debris were also tested to inform replacement and/or cleaning of hard and soft surfaces.  Additional testing will be conducted after all remediation and cleaning is complete to ensure that the indoor areas have been restored to their pre-fire condition.

“We have worked closely with Municipal and Provincial Governments to provide accommodations to First Responders and others providing required assessment and restoration services to the community,” said K. Rai Sahi, Chief Executive Officer of Temple Hotels.  “Our efforts are focused on bringing the impacted hotels on line to serve the immediate needs of Fort McMurray.”

Guests returning to Fort McMurray can claim belongings that were abandoned within our hotel properties at the time of evacuation by contacting the indivdual properties. Guests not returning to Fort McMurray should direct their inquries to info@fortmcmurrayhotels.ca. 

Temple’s Fort McMurray portfolio comprises 890 rooms in nine properties.  Temple maintains insurance coverage based on industry best practices and insurance standards, and include Liability, Property, Boiler and Machinery insurance programs that extend for Building, Contents and loss of Revenue.  It is expected that damage, in excess of Temple’s deductible, will be covered by existing insurance including assessment, restoration and income loss, if any.

Temple will continue to provide updates as additional information becomes available. We appreciate the patience and cooperation of our guests and partners as we work diligently at the restoration of these properties.

About Temple Hotels Inc.
Temple is a real estate investment company listed on the TSX under the symbols TPH (common shares), TPH.DB.C, TPH.DB.D, TPH.DB.E and TPH.DB.F (convertible debentures).  Temple invests in hotel properties and assets across Canada, wholly-owning a portfolio of 29 hotel properties, comprising of 3,870 rooms, and participating in 50% of the earnings from two additional hotels, comprising 299 rooms.  For more information, please visit www.templehotels.ca.

This press release contains certain statements which may constitute forward-looking information. The forward-looking information is subject to certain risks and uncertainties, which could result in actual events or results differing materially from the forward-looking statements.

SOURCE Temple Hotels Inc.