Program Supporting the Development of Tourist Attractions — Stream 2
QC, Canada
Funds to renovate Quebec hotels
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 06, 2023
- grant_single|closingDateDecember 31, 2025
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Accommodation and food services
grant_single|grantors
- Gouvernement du Québec
- Investissement Québec (IQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a term loan between $100,000 and $5 million to cover up to 90% of the eligible costs of a renovation project for your establishment. You must secure a contribution from private sources to cover at least 10% of the total costs.
grant_single_labels|projects
This grant program is specifically available for establishments of the hotel sector operating across the province of Quebec. Investments are focused on enhancing the tourist accommodation infrastructure within this region.
- All regions of Quebec, excluding new constructions in the territories of the Island of Montreal and Quebec City.
- Includes specific projects from Indigenous communities recognized by the National Assembly and those in Îles-de-la-Madeleine.
grant_single|admissibleProjectsExample
$450,000
Vancouver
Expansion of a family-owned hotel to add 20 new rooms
$450,000
Winnipeg
Upgrade of eco-friendly hotel infrastructure to attract sustainable tourism
$450,000
Quebec City
Acquisition and renovation of a small inn to boost local tourism
$450,000
Halifax
Modernization of a rural hotel to support agritourism
$450,000
Montreal
Renovation of a historical boutique hotel
$4,500,000
Toronto
Construction of a modern luxury hotel to attract international visitors
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and project type.
- The applicant must be registered on the site BonjourQuébec.com, except for start-up projects.
- The applicant must operate within Quebec.
- The applicant must demonstrate medium-term profitability prospects.
- The applicant must be considered as a hotel-type accommodation establishment.
- The applicant must possess documents demonstrating commitment to sustainable development or corporate social responsibility, and/or must commit to sustainable construction principles for the planned works.
grant_eligibility_criteria|who_can_apply
Eligible applicants for this grant include for-profit businesses, non-profit organizations (NPOs), cooperatives, and Indigenous communities or nations recognized by the National Assembly, as well as any grouping of these clients.
grant_eligibility_criteria|who_cannot_apply
This grant specifically excludes projects in certain industries, focusing the funding on particular sectors aligned with its objectives. The restrictions are outlined to support industries that contribute to the enhancement of hotel infrastructure and tourism capacity.
- Companies in the retail and restaurant sector.
- Businesses involved in gambling.
- Enterprises related to the sale and consumption of alcohol or cannabis.
- Projects that are already completed or in progress.
- State corporations.
grant_eligibility_criteria|eligible_expenses
The fund is designed to improve hotel infrastructure and expand tourism accommodation in Quebec. Eligible projects focus on both renovation and acquisition to enhance the sector's capacity and service quality.
- Construction and renovation of hotel infrastructure.
- Upgrading existing hospitality facilities, including meeting rooms, public areas, and building exteriors.
- Acquisition of existing hotel establishments.
- Expansion of existing hotel establishments.
grant_eligibility_criteria|zone
The grant covers specific expenses related to the improvement and expansion of hotel infrastructures.
- Working capital
- Equipment and capital assets
grant_single_labels|criteria
The evaluation and selection criteria for this grant involve several key requirements related to the eligibility of the applicant and the nature of the project. These criteria aim to ensure that the funded projects have solid economic viability and align with sustainable development principles.
- The enterprise must be registered on the site BonjourQuébec.com, except for start-up projects.
- Activities must be conducted in Quebec.
- Demonstrate medium-term profitability prospects.
- Be considered an establishment of the hotel accommodation type.
- Possess documents that prove engagement in a structured approach to sustainable development or social responsibility of organizations (RSE) and/or commit to sustainable construction principles for the planned work.
- For the project's financing, there must be a minimal private contribution of at least 20% of eligible expenditures, or 10% in the case of projects by communities or nations recognized by the National Assembly, or projects located in the Îles-de-la-Madeleine.
- The financial assistance is subject to rules of governmental aid accumulation, with a maximum of 50% of the total eligible project cost for for-profit enterprises, 80% for non-profit organizations (NPOs) and cooperatives, and 90% for projects by communities or nations recognized by the National Assembly or those located in the Îles-de-la-Madeleine.
grant_single_labels|register
- Step 1: Preliminary Assessment
- Verify eligibility criteria and ensure your establishment is considered a "hotel-type accommodation facility".
- Ensure your establishment is registered on BonjourQuébec.com, except for startup projects.
- Confirm your business operates in Quebec and showcases medium-term profitability prospects.
- Ensure you have documentation affirming your business’s commitment to sustainable development or corporate social responsibility.
- Step 2: Gather Documentation
- Collect documents required for the application as indicated in the financial request form.
- Prepare evidence of private funding sources meeting the minimum requirement (20% or 10% for specific communities).
- Step 3: Complete Application Form
- Download, save, and complete the financial request form for "Volet 2" using Adobe Reader (version 10 or higher).
- Step 4: Submit Application
- Email the completed application form and accompanying documents to IQtourisme@invest-quebec.com.
- Step 5: Follow-Up
- For any additional questions or to ensure your application was received, contact the Service d’accueil et d’information at 1 844 474-6367.
- Step 6: Await Feedback
- Await correspondence from Investissement Québec regarding the status of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The grant includes a maximum repayment term of 20 years and allows for a capital repayment moratorium of up to 24 months.
- Interest may be capitalized for a maximum of 2 years during the moratorium period.
- Financial interventions are subject to government aid accumulation rules: up to 50% of total eligible project costs for for-profit enterprises, 80% for non-profit organizations and cooperatives, and 90% for indigenous communities or projects in the Îles-de-la-Madeleine.
- The interest rate can be a fixed rate or variable rate, based on Québec bond rates or Investissement Québec's prime rate.
- The program is managed by Investissement Québec for the Ministry of Tourism, with the application deadline set for December 31, 2025.
- While the grant supports a wide range of projects, the construction of new hotel establishments in Montréal and Québec City is excluded.
grant_single_labels|contact
annie.cloutier@invest-quebec.com
4184061131
Apply to this program
Financial Support for Hotel Infrastructure Enhancement
This grant program offers repayable financial contributions to enhance hotel infrastructure and expand tourist accommodations across Quebec. It aims to improve existing facilities and add new units, fostering growth in the hospitality sector.
In-Depth Overview of the Hotel Infrastructure Financing Fund
The Fonds de financement pour les établissements hôteliers aims to support the enhancement and expansion of Quebec's hotel infrastructure by providing financial assistance in the form of loans. This initiative, managed by Investissement Québec for the Ministère du Tourisme, is designed to aid hospitality businesses in renovating and upgrading their facilities or expanding their operations to better accommodate tourists. The fund is accessible to a variety of entities including for-profit organizations, non-profits, cooperatives, and recognized Indigenous communities or nations. This broad eligibility ensures that a wide range of establishments can benefit from the program, contributing to economic growth and sustainability in the tourism industry.
The grant's objectives are primarily focused on improving the quality and capacity of hotel accommodations. By targeting the renovation and modernization of rooms, meeting spaces, public areas, and building exteriors, as well as the construction of new hotel infrastructures, the program encourages an increase in both the appeal and functionality of these establishments. Projects can also include the acquisition or expansion of existing hotels, although new construction projects in central tourist zones such as Montreal and Quebec City are ineligible. This regional consideration underscores the program's intention to diversify and boost tourism potential in less saturated markets.
Financial assistance through this program ranges from $100,000 to $5 million, offering a significant boost to projects both modest and extensive. With a maximum amortization period of 20 years and flexible repayment terms, including a possible two-year moratorium on capital and interest capitalization during this period, the financial structure is crafted to support sustainable business growth. The requirement for private investment, generally set at a minimum of 20% of eligible expenses, signals a commitment to leveraging both public and private resources for maximum impact, with amendments for Indigenous communities and projects on the Îles-de-la-Madeleine where the requirement drops to 10%.
Eligible expenses under the grant include working capital, equipment, and capital expenditures, encouraging enterprises to undertake comprehensive upgrades and improvements. Such investments not only promise enhanced tourism offerings but also increase overall competitiveness in the hospitality sector. Importantly, the program also emphasizes sustainable development and social responsibility, asking applicants to demonstrate commitment in these areas or integrate sustainable construction principles in their projects, thus ensuring long-term viability and ethical business practices.
The provision of this grant aligns with broader strategic efforts to strengthen the tourism infrastructure in Quebec, promoting a resilient economic environment adaptable to shifting industry trends and consumer preferences. With application submissions accepted until December 31, 2025, the program offers ample time for businesses to prepare their proposals. Interested applicants are guided to ensure their business is registered on BonjourQuébec.com and meet all criteria to effectively leverage this funding opportunity.
Ultimately, the Fonds de financement pour les établissements hôteliers represents a crucial tool for empowering the Quebec hotel industry. By facilitating major renovations and the addition of new amenities, it enables hotels to meet modern traveler demands while securing their position as key players in the province's vibrant tourism landscape.