A new hotel is set to be built right on the grounds of Calgary’s Stampede Park. The Calgary Municipal Land Corporation (CMLC) and the Calgary Stampede announced Monday that Truman will be developing a 320-room hotel in the park. The building, located on an approximately 85,000-square-foot parcel of land, will be a full-service, 13-storey boutique hotel. The hotel is meant to accommodate growing demand for hotel space due to meeting and convention bookings at the expanded BMO Centre. “Hotel development has been a key priority for CMLC and the Calgary Stampede, and we’ve seen development interest in the district surge with the completion of the BMO Centre expansion, the groundbreaking of Scotia Place and the opening of the new 17 Avenue S.E. extension,” said Kate Thompson, president and CEO of CMLC. It also will feature 15,000 square feet of meeting and ballroom space and 14,000 square feet of food and beverage offerings, such as restaurants, a lobby bar, a coffee shop and a rooftop lounge. Additionally, a south-facing “leisure terrace” will include an activity pool, jacuzzi and outdoor bar. There will also be an indoor swimming pool and fitness club. Truman will spend approximately $330 million to build the hotel, including the land sale and development. “This is an exceptional location for a hotel, allowing guests to just stay steps away from the action of The Culture + Entertainment District – whether it’s a convention, meeting or event held in the BMO Centre, a hockey game in Scotia Place, a concert in The Big Four Roadhouse or the Calgary Stampede’s annual celebration of Western heritage and community spirit each July,” said Tony Trutina, chief operating officer of Truman. Construction is expected to begin in late 2025, with completion anticipated in late 2028. CMLC said since the expanded BMO Centre opened in June 2024, it has hosted 409 events, and 205 major events are booked between now and 2032.
