Holman Grand hotel re-opens Monday

Ryan Ross
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Michael MacIsaac, director of maintenance at the Holman Grand Hotel, tests the pool's water.

Almost six months to the day after the Holman Grand hotel shut down, staff are getting ready to re-open it Monday.

John Cudmore, the hotel’s general manager, said the staff are working on gradually opening up the entire hotel after it was closed for so long.

“It’s nice to be back,” he said.

The Holman Grand closed in early November as its then owner Homburg Invest Inc. went through restructuring under creditor protection. It later changed owners when Homburg Invest Inc. transferred ownership to Dyne Holdings, which Richard Homburg and Homburg International bought last week.

Cudmore said the hotel would employ about 20 full-time and 10 part-time staff who were undergoing training Friday to be ready for Monday’s opening.

Although Homburg International owns and is re-opening the hotel, the provincial government is still owed about $16 million for a loan issued for the construction.

The hotel cost $22 million to build.

On Thursday, a provincial government representative attended a creditors meeting in Montreal where a proposed restructuring plan was approved.

That plan involves creditors getting either a cash settlement or a combination of cash and shares in a new company that will be formed out of Homburg Invest’s assets.

A spokeswoman for the Innovation Department said the province hasn’t decided which option is the best because the exact values have yet to be determined.




Organizations: Holman Grand hotel, Homburg Invest Inc., Homburg International Dyne Holdings Innovation Department

Geographic location: Montreal

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Recent comments

  • taxpayer
    June 02, 2013 - 20:46

    Nice junket to Montreal for the ''representative of the provincial government''. I wonder what lucky soul got to go up there on our behalf? Airfare, taxis, hotels, meals. Why that would be a $5,000 trip for a silly servant or an elected buffoon.

  • Sandra
    June 01, 2013 - 19:30

    Excited to see it reopen. Great place to stay and great for downtown!!

  • Is This
    June 01, 2013 - 08:05

    Is this just a prelude to the goverment writing down the money owed to us the people . Sure looks like Homburg has all his ducks in line to take us again . Whats wrong with demanding he pay back all $16,000,000 owed to us . If they can afford to buy this whole block from Dyne Holdings , surly they can pay the contractors & us the people the money they owe us . But hey , thats a fairy tale , this is just a setup to take us for more . Shares , shares in what a Hotel that we already own a major amount of . What a farse .

    • brent
      June 01, 2013 - 16:23

      Homburg Invest, not Richard Homburg, borrowed the money from the province. Also, the shares are not in the hotel but in the restructured successor company of Homburg Invest, which again, no longer has anything to do with Richard Homburg. You really should get your facts right before you post...

  • Jim
    June 01, 2013 - 06:56

    If it takes our functionaries more than a micro second to decide to take the cash then they should be fired. The cash should then be used to pay off some of the disgraceful debt owed by this province. The burden is on the unborn children of the population so there are no voters to complain. Maybe that’s why our politicians like to borrow so much money in our name. Of course, our politicians are not using their own money so they will obviously make the worst decision by taking shares in a Homburg company thus leaving the great grandchildren in thrall to the carefree attitude of the present taxspenders.

  • Lost Cause
    June 01, 2013 - 06:40

    Congrats to you. It is nice to have/see/hear a local paper promote your coming. My comment submission is not meant to be hurt full, but heart felt. I wish (amongst all the raffles and fund raisers) that charities offer a weekend stay at an Island resort instead of a Caribbean cruise. I believe in us. Wish you luck, fortune and good cheers. We need it.