Association Hôtellerie Québec
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        Association Hôtellerie Québec

         

        100 – 450, Chemin de Chambly,

        Longueuil (Quebec), J4H 3L7

         

        Tel. : (579) 721-6215

        or 1 877 769-9776

        Fax : (579) 721-3663

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        Xavier Gret

        President and Chief Executive Officer

        Tel.: (579) 721-6215, ext. 2

        xgret@hotelleriequebec.com

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        Véronick Daniel
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        Nicolas Dufour 
        Director of Communications et media relations

        Tel.: (579) 721-6215, ext. 7

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      • Josée Bourque
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        admin@hotelleriequebec.com

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COMMERCIAL RENTAL ASSISTANCE PROGRAM

Dernière mise à jour par Nicolas Dufour - 30 April 2020
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Dear members,
Prime Minister Trudeau announced the creation of a new program to help businesses renting a commercial unit (even inside a hotel). More than $2 billion will be invested in this program. It will be used to cover up to 75% of the cost of renting space to a merchant whose monthly rent is less than $50,000. This assistance will cover the months of April, May and June. A program for rents with monthly payments higher than $50,000 will be announced in the coming days.
“The federal government will cover 50 per cent while [building] landlords will cover 25 per cent,” said Prime Minister Trudeau in providing initial details of the Emergency Commercial Rental Assistance (ECRA) program.
https://pm.gc.ca/fr/nouvelles/communiques/2020/04/24/premier-ministre-annonce-des-partenariats-les-provinces-et-les
The program will also offer loans, including forgivable loans, to commercial property owners. In return, commercial landlords will lower or cancel the April (retroactive), May and June rents of their small business tenants. Implementation of this program will require a partnership between the federal government and the provincial and territorial governments, which are responsible for the relationship between building owners and tenants. The Government of Canada is working with the provinces and territories to improve support for commercial and industrial rents for businesses most affected by the pandemic. We will have more details on this in the near future.
So, for our hoteliers with commercial rents, this is already a step in the right direction. The subsidy will only be used to lower this specific budget item (rent), and cannot be used for other purposes. However, many hoteliers have made the choice to own their establishment and the mortgage (or internal allowance) is not part of it at the moment.
Your Association Hôtellerie Québec will sit down very soon with the government to address the specific issues of our sector in order to evaluate possible assistance and solutions. We are aware that there are many issues at stake for you.
We will keep you informed of developments over the next few days and rest assured that we are well aware of the importance of helping owners directly. If you have any suggestions or would like to share your comments with us, please do not hesitate to contact us.
Xavier Gret
Chairman and Chief Executive Officer
Quebec Hotel Association

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