Risk & Business Magazine Cain Insurance Fall 2016 | Page 8

THE FREDERICTON INN A Foundation Built On Family: The Fredericton Inn W hen it comes to hospitality in New Brunswick, no name comes up faster or more often than the Fredericton Inn. Currently run by John Waite, the Inn has been family run since it was first built. The Inn is one of the largest hotel properties east of Montreal, with eighteen thousand square feet of conference space. Its staying power is clear as the Inn will be celebrating its fortieth anniversary in January 2017. Services start and end with quality, and the staff and management expect no less than excellence from all members of the team. In 1959, John’s parents, Wilfred, Sr., and Mary, built the Eden Rock Motel when the Princess Margaret Bridge opened. With one hundred units and a ballroom, it was a quick success. Unfortunately, due to tough economic times, the Motel was transferred to new owners. Wilfred decided to build a new property, the Skyline Motel. This property sold in 1972. Wilfred had an opportunity to purchase the land that the Fredericton Inn now sits on. John then 8 | FALL 2016 left university in 1976 to join his family in becoming a major player in the hospitality industry. The Inn started modestly, selling rooms in January 1977, and established full service status in 1982 with the unveiling of the Regency Dining Room and meeting room space. In 1984, the Inn became a main player in the convention business with the opening of the Bicentennial Ballroom, a 7,800 square feet facility. By taking pride in what they do, the staff and management of the Inn have the support of many conference coordinators, many of whom return annually. Remaining debt free over the years is one of the keys to John’s success in both keeping the Inn open and refurbishing it. The Inn aims to provide value-added services to its guests and places a value on loyalty, especially to the local community. The Inn takes pride in supporting its community with many worthy causes such as the DECH, the YMCA, and most recently, the Hospice Foundation. Another distinguishing factor is the ability of management to see market trends and to consistently make self-improvements and innovate. Discussions take place daily about how to be more efficient by improving processes. John also views consistency as being a key to success as it gives customers value with the services they are receiving. Though the landscape has changed over the years toward large, nationally branded properties with enormous budgets for marketing, online travel agencies have evened the playing field for independents, with the ability to be recognized globally. The Fredericton Inn is located in the heart of Fredericton’s uptown business and shopping district. The Inn is located at 1315 Regent Street, and its parking lot adjoins Fredericton’s largest shopping center, the Regent Mall. John Waite is very proud of his Mom and Dad for taking the risk in building a full-service property with 200 overnight units. The Waites would like to thank the people of New Brunswick for their support as 75 percent of their clients are New Brunswickers. +