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HT Group acquires Best Western Crossroads hotel

PRIVATEAug 10, 2026about 3 hours ago

Acquiring Company

HT Group

Acquired Company

Best Western Crossroads

Thunder BayThunder BayHospitalityHotelHospitalityHotelTravel

Description

The HT Group has completed the purchase of the Best Western Crossroads hotel in Thunder Bay as of August 5, 2026. This acquisition represents a significant step in Indigenous economic development. The HT Group focuses on enhancing business opportunities for First Nations communities. This move is part of their strategy to expand their footprint in the hospitality industry.

Company Information

Company

HT Group

Location

Thunder Bay, Ontario, Canada

About

The HT Group is a First Nations-owned company focusing on the hospitality sector. They aim to enhance economic development for First Nation communities in Thunder Bay and Northwestern Ontario. The group operates multiple hotel properties and is committed to creating meaningful economic opportunities for Indigenous communities.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Best Western Crossroads?

Best Western Crossroads was acquired by HT Group, based in Thunder Bay. The deal was reported on August 10, 2026. The HT Group is a First Nations-owned company focusing on the hospitality sector. They aim to enhance economic development for First Nation communities in Thunder Bay and Northwestern Ontario. HT Group is privately held and operates in Hospitality.

When did HT Group acquire Best Western Crossroads?

HT Group's acquisition of Best Western Crossroads was reported on August 10, 2026. The HT Group has completed the purchase of the Best Western Crossroads hotel in Thunder Bay as of August 5, 2026. This acquisition represents a significant step in Indigenous economic development. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Best Western Crossroads do?

Best Western Crossroads is a hotel property located in Thunder Bay. It is part of the Best Western hotel chain, known for providing quality lodging and services to travelers. It is privately held, operating in Hospitality, and is based in Thunder Bay.

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