Aroland, Kingfisher and Wunnumin Lake First Nations partner to purchase Landmark Inn, Thunder Bay
First Nations group seals the deal on Landmark Inn
10/26/2007
It was truly a landmark real estate acquisition for a group of three First Nation communities when they closed the deal for the Landmark Inn on Friday.
Following years of discussion and consultation a purchase agreement for the Thunder Bay hotel was signed by the Aroland, Kingfisher, and Wunnumin Lake First Nations.
Economic Development spokesman Brian Davey says one of the main benefits from the investment are the dividends that will go back to the communities.
As a part of the agreement current CEO and hotel manager George Ward will continue to run the operation for the next couple of years and Davey says he will work alongside a First Nation candidate as a mentor. The communities expect more purchases like this one to continue in the region. The price tag to acquire the hotel was not disclosed.