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MONTREAL — Henry Zavriyev, founder and CEO of Montreal-based property management firm Leyad, has announced the acquisition of Hotel & Spa Lac Brome with the intention of undertaking extensive renovations.

The lakeside hotel is located at Lac Brome in Quebec. It is Leyad’s first investment in the hospitality sector, stated a release.

The hotel has 477 feet of lake frontage with 40 rooms, a boutique restaurant, conference facilities and a spa. It is located southeast of Montreal, north of the Vermont border.  

The renovation will include esthetic improvements to modernize the premises.

“We are thrilled to announce Leyad’s entry into the hospitality industry with the acquisition of Hotel & Spa Lac Brome,” stated Zavriyev.  “This property perfectly aligns with our vision of diversifying investments into new real estate asset classes.”