How much funding can be received?

Funds up to 50% of admissible expenses, capped at $5000000 per project.

What is the deadline to apply?

The deadline to apply is 2025-12-31T05:00:00Z.

Who are the financial supporters of the Program Supporting the Development of Tourist Attractions — Stream 2?

Program Supporting the Development of Tourist Attractions — Stream 2 is funded by Gouvernement du Québec, Investissement Québec (IQ)

Program Supporting the Development of Tourist Attractions — Stream 2

Q: What are Program Supporting the Development of Tourist Attractions — Stream 2's eligibility criterias?

The business must be a for-profit enterprise, non-profit organization (OBNL), cooperative, or a community/nation legally recognized by the National Assembly. It must operate within Quebec and be registered on the BonjourQuébec.com website, except for start-up projects. The business should demonstrate medium-term profitability prospects and be considered a hotel-type accommodation.

Last Update: June 5, 2025

QC, Canada

Fund to renovate hotels and create new tourist accommodation facilities in Quebec

Program Supporting the Development of Tourist Attractions — Stream 2 at a glance

Eligible Funding

From $100,000 to $5,000,000
Up to 50% of project cost

Timeline

Open Date : April 6, 2023
Closing date : December 31, 2025

Financing Type

Loans and Capital investments

Eligible Industries

Accommodation and food services

Grant Providers

Gouvernement du Québec
Investissement Québec (IQ)

Status

Open

Overview of the Program Supporting the Development of Tourist Attractions — Stream 2 program

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.

Financing 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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

Eligibility criteria of the Program Supporting the Development of Tourist Attractions — Stream 2 program

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.

Who is eligible?

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.

Who is not eligible

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.

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.

Eligible geographic areas

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

How to apply to the Program Supporting the Development of Tourist Attractions — Stream 2 program

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).

Filling out the form

Provide detailed information about your establishment and the project for which you are requesting funding.

Compilation of the required documents

Gather all the requested documents listed in the form.

Sending the request

Send the completed form and the required documents to the following email address: IQtourisme@invest-quebec.com.

Information and follow-up

Contact the Reception and Information Service at 1 844 474-6367 for any questions or follow-up regarding your request.

Additional information

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.