NAV CENTER becomes the DEV “Hotel and Conference Centre”

CORNWALL, Ontario–(BUSINESS WIRE)–Devcore, one of the nation’s capital’s leading real estate developers, is expanding its portfolio with the acquisition of the NAV CENTRE, a 630,000 square foot multi-purpose hotel, training and conference center located on 75 acres overlooking the St. Lawrence River in Cornwall, Ontario. The establishment will be renamed the DEV “Hotel and congress center”.

“The DEV is Eastern Ontario’s largest multi-purpose conference center offering exceptional amenities and accommodations in an enviable central location,” said Jean-Pierre Poulin, President of Devcore. “We are committed to working with local partners such as the City of Cornwall and surrounding counties, as well as working closely with Akwesasne and First Nations to ensure the Center functions as a key stakeholder and to attract opportunities to Cornwall that benefits everyone.

NAV CANADA will continue to operate on the site as a tenant, as will the Canadian Forces School of Aerospace Control Operations (CFSACO).

“We are excited and happy about the future of Cornwall,” said Mr. Poulin. “We have been active investors since 2020 and have seen huge growth opportunities here. The DEV project will allow us to develop an innovative and sustainable world-class mixed-use community, while leveraging 1VALET’s smart building platform to connect all residents to a central suite of amenities.

The conference center will be managed by Atlific Hotels, one of Canada’s largest private management companies, with more than 40 hotels coast to coast. Atlific will manage and oversee all aspects of day-to-day operations, including conference and event facilities and catering operations; and collaborate to deliver top performance.

“For more than a decade, the facility has evolved to attract new and diverse business segments to Cornwall from across Canada and around the world, including being a preferred venue for corporate conferences, meetings and events. sports and specials, government and well-known training programs to support business continuity during the crisis and evacuations for those in need,” said Kim Coe-Turner, vice president of business development and government relations at Devcore group.

About Devcore Group

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Based in Gatineau, Quebec, Groupe Devcore is a leader in the Capital Region and a leading real estate organization in land development, construction and property management. Devcore also owns and manages 500 million assets in Eastern Canada with nearly 3,000 units east of Ottawa. Devcore has been an active investor in Cornwall since 2020.

About Atlific Hotels

Atlific Hotels is one of Canada’s leading hotel management companies, operating over 40 hotels with offices in Montreal, Toronto, Calgary and Vancouver. Atlific Hotels has over 60 years of experience managing well-known Canadian hotels, resorts and extended stay properties.

The company has built a reputation for providing comprehensive accounting reporting, information technology solutions and support, revenue-generating strategic sales and marketing plans, and award-winning revenue management programs. Atlific Hotels’ parent company, Ocean Properties Ltd., owns and operates more than 100 hotels across the United States. Together, they are the fifth largest private hotel management company in North America, operating independent hotels and resorts as well as internationally recognized hotel brands such as Marriott, IHG and Hilton. For more information, visit www.atlifichotels.com.

About 1VALET

1VALET is an intelligent building operating system that provides multi-family developers and asset managers with the tools to make their buildings more efficient and profitable.

By centralizing building systems on a single web-based platform and empowering tenants to use a resident application, 1VALET helps streamline operations, increase NOI, and create safer, smarter communities.

About the DEV “Hotel and Congress Center”

See: www.devhotelandconferencecentre.com

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