grant_single_labels_website|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDate April 6, 2023
  • grant_single|closingDate December 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_website|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_website|terms_and_conditions

  • Repayable contribution in the form of a loan ranging from $100,000 to $5,000,000 per project.
  • Minimum private contribution of 20% of eligible expenses, or 10% for projects by recognized Indigenous communities or for projects in Îles-de-la-Madeleine.
  • Maximum loan term of 20 years.
  • Principal repayment moratorium of up to 24 months, with interest that may be capitalized during this period.
  • Government funding may not exceed 50% of total eligible project costs for for-profit entities, 80% for non-profit organizations and cooperatives, and 90% for recognized Indigenous communities or projects in Îles-de-la-Madeleine.

grant_single_labels_website|projects

  • Renovation and upgrading of hotel accommodation units, meeting or conference rooms, and public areas such as lobbies, reception, lounges, public restrooms, bars, and other interior or exterior building features.
  • Addition of new hotel infrastructure.
  • Construction and expansion of hotel establishments, except for new hotel construction in the territory of the Island of Montreal and the City of Quebec.
  • Acquisition of an existing hotel establishment.
grant_single|admissibleProjectsExample

$ 450,000

Renovation of a historical boutique hotel

$ 450,000

Expansion of a family-owned hotel to add 20 new rooms

$ 450,000

Upgrade of eco-friendly hotel infrastructure to attract sustainable tourism

$ 450,000

Acquisition and renovation of a small inn to boost local tourism

$ 450,000

Modernization of a rural hotel to support agritourism

$ 4,500,000

Construction of a modern luxury hotel to attract international visitors

grant_single_labels_website|admissibility

  • The applicant must be a legally constituted for-profit company, non-profit organization (NPO), cooperative, or a recognized Indigenous community or nation in Quebec.
  • The applicant's business must operate within Quebec.
  • The business must be considered a hotel-type accommodation establishment and must be listed on BonjourQuébec.com (except for startup projects).
  • The applicant must demonstrate medium-term profitability prospects.
  • The applicant must have documents attesting to a commitment to sustainable development or social responsibility, and/or agree to use sustainable construction principles for project work.

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

  • State-owned enterprises (Crown corporations).
  • Companies involved in retail or restaurant sectors.
  • Businesses operating in the gambling sector.
  • Companies involved in the sale or consumption of alcohol or cannabis.
  • Projects that are already completed or currently underway.
  • Construction of new hotel establishments located on the territory of the Island of Montreal or the City of Québec.

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

  • Quebec
  • Projects located in the Îles-de-la-Madeleine

grant_single_labels_website|apply

1
Obtaining the application form
  • Access the financial application form – Component 2 electronically.
  • Save the form on your computer before filling it out with Adobe Reader (version 10 or higher).
2
Filling out the form
Provide detailed information about your establishment and the project for which you are requesting funding.
3
Compilation of the required documents
Gather all the requested documents listed in the form.
4
Sending the request
Send the completed form and the required documents to the following email address: IQtourisme@invest-quebec.com.
5
Information and follow-up
Contact the Reception and Information Service at 1 844 474-6367 for any questions or follow-up regarding your request.

grant_single_labels_website|otherInfo

  • The program features flexible financial solutions tailored to the needs of the hospitality sector.
  • Interest rates may be fixed or variable, depending on the project's financial terms and the lender's conditions.
  • Collateral requirements are adjusted to reflect the realities of tourism businesses.
  • Requests are accepted up to December 31, 2025, and special conditions may apply based on the project evaluation.

grant_single_labels_website|documents

Program Supporting the Development of Tourist Attractions — Stream 2

grant_single_labels_website|contact

annie.cloutier@invest-quebec.com
4184061131

Apply to this program

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