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
The grant aims to support the enhancement and expansion of hotel infrastructures through eligible projects.
- Construction, renovation, and upgrading of hotel infrastructures
- Acquisition of a hotel establishment
- Construction and expansion of hotel establishments
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
To be eligible for this grant, an enterprise must operate as a hospitality-type lodging establishment and meet specific conditions.
- Be registered on the site BonjourQuébec.com (except for startup projects)
- Operate in Quebec
- Demonstrate medium-term profitability prospects
- Be considered a hospitality-type lodging establishment
- Possess documents demonstrating a commitment to sustainable development or corporate social responsibility, and/or commit to sustainable construction principles for the proposed works
grant_eligibility_criteria|who_can_apply
Yes, there are eligible types of companies for this grant. The grant is intended for various types of establishments within the hotel sector, including profit-driven enterprises, cooperatives, and more.
- Enterprises at but lucratif (profit-driven enterprises)
- Enterprises cooperatives (cooperatives)
- Organismes à but non lucratif (non-profit organizations)
- Communities or nations recognized by the Assemblée nationale
- Any grouping of the mentioned clientele
grant_eligibility_criteria|who_cannot_apply
Yes, there are specific types of companies that are not eligible for this grant:
- Companies involved in retail commerce and restaurants
- Companies related to gambling
- Companies involved in the sale and consumption of alcohol or cannabis
- Projects that are already completed or currently underway
grant_eligibility_criteria|eligible_expenses
There are several eligible expenses for this grant.
- Fonds de roulement
- Équipements et immobilisations
grant_eligibility_criteria|zone
The grant is targeted at hotel establishments across all regions of Quebec. However, new hotel construction projects in the territory of Montreal Island and the City of Quebec are not eligible.
- All regions of Quebec
- New construction projects in Montreal Island are not eligible
- New construction projects in the City of Quebec are not eligible
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: Fill out the financial request form specific to Volet 2.
- Step 2: Ensure the form is saved on your computer before filling it out with Adobe Reader (version 10 or higher).
- Step 3: Gather all required documents as indicated in the form.
- Step 4: Submit the completed form and accompanying documents to IQtourisme@invest-quebec.com.
- Step 5: For more information, contact the Service d’accueil et d’information at 1 844 474-6367.
grant_single_labels|otherInfo
The grant offers various conditions and criteria for financial help to hotel establishments, including specific requirements for private funding sources and eligibility criteria.
- Minimum financial aid: $100,000.
- Maximum financial aid: $5 million.
- Private funding sources must constitute at least 20% of eligible expenses.
- For recognized Indigenous communities or projects in Îles-de-la-Madeleine, private funding requirement is reduced to 10% of eligible expenses.
- Financial aid duration: up to 20 years.
- Loan repayment moratorium: up to 24 months with interest capitalization during moratorium.
- Maximum government aid: 50% of total eligible project cost for for-profit enterprises, 80% for non-profit organizations (OBNLs) and cooperatives, 90% for recognized Indigenous community projects and Îles-de-la-Madeleine projects.
- Eligible sectors: Hotel-type accommodations.
- Eligible projects include construction, renovation, and expansion of hotel infrastructures, as well as acquisition of hotel establishments.
- Exclusions include projects related to retail, restaurants, gambling, alcohol, and cannabis sales, and projects already underway.
- Applications must include documentation of sustainable development or social responsibility engagement, or commitment to sustainable construction principles.
- Deadline for application submissions: December 31, 2025.
grant_single_labels|contact
annie.cloutier@invest-quebec.com
4184061131
Apply to this program
Summary of the Grant
The Volet 2 - Fonds de financement pour les établissements hôteliers offers financial support ranging from $100,000 to $5 million for hotel infrastructure improvement and expansion projects in Quebec. Eligible projects include renovations, new construction, and the acquisition of hotel establishments.
Detailed Explanation of the Grant
Are you an entrepreneur or organization in the hotel industry looking to enhance or expand your facilities? The Volet 2 - Fonds de financement pour les établissements hôteliers is designed to provide substantial financial support for projects aimed at upgrading, expanding, or acquiring hotel infrastructure in Quebec. Administered by Investissement Québec, this program supports enterprises with financing options to boost the tourism and hospitality sector in the province. Here's everything you need to know about the grant, its requirements, eligibility, and application process.
Objectives of Volet 2
The overarching goal of the Volet 2 program is to improve the condition of hotel infrastructure across Quebec by providing significant financial contributions to qualifying projects. More precisely, this initiative aims to:
- Renovate and upgrade existing hotel units, meeting rooms, public areas (such as lobbies, reception areas, resting spaces, public restrooms, bars, and other indoor amenities) and the external structure of buildings (including coverings, roofs, doors, and windows).
- Facilitate the addition of new hotel infrastructures, enhancing the overall accommodation capacity within the region.
Funding Details
The Volet 2 program offers a reimbursable contribution in the form of a loan, with certain stipulations regarding the amount and conditions:
- Minimum Financial Aid: $100,000
- Maximum Financial Aid: $5 million
- Private Source Contribution: At least 20% of eligible expenses, with a reduction to 10% for projects involving recognized Indigenous communities or those situated in the Îles-de-la-Madeleine.
- Loan Duration: Maximum of 20 years
- Repayment Moratorium: Up to 24 months for capital repayment, with interest capitalizable during the moratorium period
- Government Aid Cumulative Rules: Maximum of 50% of the total eligible project cost for for-profit enterprises, 80% for non-profit organizations (NPOs) and cooperatives, and 90% for Indigenous community projects or those located in the Îles-de-la-Madeleine.
Eligibility Criteria
To qualify for the Volet 2 grant, businesses must meet several conditions:
- The enterprise must be legally constituted in Quebec and fall into one of the following categories: for-profit enterprise, NPO, cooperative, recognized Indigenous community, or a combination of these.
- Be listed on the BonjourQuébec.com website, except for startup projects.
- Operate within the Province of Quebec and demonstrate medium-term profitability prospects.
- Be recognized as a hotel-type establishment offering furnished accommodations with housekeeping and reception services.
- Possess documentation showing commitment to sustainable development or social responsibility, and/or commit to sustainable construction practices for the proposed works.
Eligible and Ineligible Projects
The program targets specific types of projects while excluding others. Eligible projects are those that involve:
- Construction work and upgrades to existing hotel infrastructure.
- Acquisition of existing hotel establishments.
- Construction and expansion of hotel facilities, excluding new builds in Montreal and Quebec City.
Conversely, the following projects are deemed ineligible:
- Retail and restaurant ventures.
- Gambling-related businesses.
- Alcohol or cannabis sales and consumption establishments.
- Projects already in progress or completed.
Eligible Expenses
The Volet 2 program covers the following types of expenses:
- Working capital
- Equipment and capital expenditures
Application Process
To apply for the grant, applicants must complete and submit the appropriate financial request form along with the necessary documents to IQtourisme@invest-quebec.com. The form should be saved on your computer and filled out using Adobe Reader (version 10 or higher).
For further information or assistance, the Service d’accueil et d’information is available at 1 844 474-6367.
Key Benefits of the Volet 2 Grant
By participating in the Volet 2 program, hotel businesses can enjoy several advantages:
- Preserve Liquidity: Maintain liquidity for ongoing operational activities while undertaking significant infrastructure projects.
- Customizable Financing Solutions: Tailored financial solutions based on the scale and needs of the project.
- Flexibility and Security: Ensures financial security and allows businesses to plan for future growth with confidence.
- Simplified Access: Streamlined and flexible financing options adapted to unique business circumstances in the tourism sector.
Contact Information
If you have any questions or need further assistance, Annie Cloutier, the Director of Tourism Financing, is available for discussions regarding your project and the support offered by PADAT. Here are her contact details:
- Phone: 418 406-1131
- Email: annie.cloutier@invest-quebec.com
- Office: Édifice Iberville 1, 1195 avenue Lavigerie, Bureau 060, Québec (Québec) G1V 4N3
The deadline for submitting applications is December 31, 2025. Ensure you meet all eligibility criteria and prepare all necessary documents well in advance to take advantage of this valuable opportunity for hotel infrastructure improvement and expansion.