Ostrander Hotels

Ostrander Hotels, which operate as HomeStay Inn & Suites and HomeStay Inn Express in Medicine Hat, Alberta, were placed in receivership on July 22 on application by Innovation Credit Union, respectively owed approximately $7.1 million and $5.2 million. Deloitte was appointed receiver. Counsel is Dentons for the applicant and Duckworth & Palmer for the company.