Two groups have announced their purchase of a closed Prince Albert hotel.

In a media release sent out Friday afternoon Timanaska Development Corporation and The Saskatchewan River Business Development Corporation announced they had purchased the closed Quality Inn Hotel in downtown P.A. The hotel was seized by the City of Prince Albert from the previous owners due to unpaid property taxes.

The building is being renamed Cumberland Crossing Inn and aims to provide housing for students and those coming to the city for medical appointments.

In the release the chief of the Cumberland House Cree Nation Rene Chaboyer, speaking on behalf of Saskatchewan River Business Development Corporation, said being part of this partnership will mean good things for the First Nation.

“Cumberland House Cree Nation is excited to be apart of this joint venture with Timanaska Development Corp. Purchasing the former Quality Inn Hotel will contribute greatly to the economic development of our nation, encouraging growth and prosperity for the future of our community,” he said.

Speaking on behalf of Timanaska Development Corporation, the company’s CEO and President Orrin Greyeyes said Cumberland Crossing Inn would provide a valuable service to the community.

“There is a large demand for student housing and medical accommodations in this city. We are thrilled to be working with the Saskatchewan River Business Corporation to bring this vision to fruition and to also bring this building back to life. Our team has been working tirelessly to prepare for Cumberland Crossing Inn’s doors to open and we will continue working to ensure this building is used to it’s full potential,” he said.

The two groups are planning to hold an official ribbon cutting on Monday March 15 to open the building.