Finance committee  Absolutely. I did mention that I think we have to look at Destination Canada and really promote travel in Canada and spending money in Canada. There's no question about it. A lot of my hotels are in tertiary markets. I really cater to the rubber tire traffic, and I'm going to, ho

Finance committee  It's amazing. A large number of my hotels, certainly in Alberta and Saskatchewan, are in resource-rich communities. We've been having issues since 2014. At some of my hotels, I've seen my revenues drop by 66% from 2014 to 2016, with zero recovery, and now we're at today and addin

Finance committee  There's no question. With interest rates, the Bank of Canada rate has come down to 0.25%. Long-term rates have not come down. I will tell you, though, that we have a couple of mortgages with BDC, and they did reduce their rate from, I think, 5.25% down to 3.05%, which was interes

Finance committee  Thank you, James. I guess it's twofold. As soon as this started to happen, as soon we got into this, we went very aggressively to every one of our banks—we have mortgages on all of our properties—and they did give us a deferral. They gave us somewhere between a three-month to a

Finance committee  Yes. I won't be too long. Thank you, Mr. Chair. I have just two things. I know that there was a discussion about the BDC loan, the $6.25-million loan. The problem with that process is that it's impossible, or very, very tough, to get it. You have to qualify with a financial inst

Finance committee  Thank you, Mr. Chairman, for the opportunity to appear before you. My name is Marc Staniloff. I live in Calgary and I own Superior Lodging Corp. My company owns the franchise rights in Canada for the following brands: Super 8 hotels, Travelodge Hotels, and Microtel Inns and Sui