Left to right: Chief Adrienne Jérôme, Derrick Neeposh, Alexandre Audet and Fernand Trahan.
BOARD OF COMPENSATION AND CREECO ANNOUNCE THE ACQUISITION OF THE
QUALITY INN & SUITES VAL-D’OR
Val-d’Or, December 10th, 2020 – Today, the Board of Compensation (BoC) and the Cree
Regional Economic Enterprises Company (CREECO) are proud to announce that an agreement
has been reached to allow full ownership of the Quality Inn & Suites Val d’Or.
TEN years ago, Trahan Holdings and CREECO agreed to partner and open a hotel in Val-d’Or.
Maintaining strong relationship since, this partnership allowed the creation of 40 jobs in addition
to investments of more than 9,5 M $ for its construction. These are significant economic spin-offs
in Abitibi-Témiscamingue from the management of the hotel and its contribution to the tourism
industry is considerable.
“Since February 2011, the Quality Inn & Suites Val-d’Or has upheld the highest industry standards
for providing comfortable and reasonably priced accommodations. Ideally located, they continue
to welcome guests who visit the area for business and leisure and have won several awards as
a testament to the excellent service their employees provide. By officially bringing them into the
CREECO family, we hope to build on their outstanding reputation and perpetuate the model of
this award-winning hotel” said Derrick Neeposh, Chairman of the Board of Compensation and
President of CREECO.
Alexandre Audet, General Manager of the Quality Inn & Suites Val-d’Or said: “I am incredibly
pleased to see the Quality Inn & Suites join ranks with such a strong group of businesses as
CREECO. I would like to salute the hard work and collaboration of all those involved in making
this deal happen. I’m confident that in joining forces, CREECO and the Quality Inn & Suites will
be able to continuously meet the needs of our customers and provide the high-quality service
they have come to expect”.
Continuously making a meaningful contribution to Cree development, CREECO represents the
Cree communities in Quebec. It was incorporated in 1982 and is a subsidiary wholly owned by
the Cree Nation Government which acts through the Board of Compensation. CREECO is
involved in many economic sectors, and its subsidiaries are committed to the following goals:
profitability, longevity, stability, services for Cree communities, autonomy and self-sufficiency,
leadership, transparency, employment for Cree people, and finally, Cree participation in the areas
of administration and development.
About the Quality Inn & Suites Val-d’Or
Founded in 2011, the Quality Inn & Suites Val-d’Or is the result of the partnership between
businessman Fernand Trahan and the Cree company CREECO. With 82 luxurious rooms and
suites, it is positioned as a leader in the hotel industry in the region and within the Choice Hotels
chain. Each year since its opening, the hotel has received the annual Platinum Hospitality Award,
which is given to the top three percent of all Choice Hotels in Canada. It has also twice won the
Canadian Hotel of the Year and International Hotel of the Year awards.
For further information:
Spokeperson for CREECO