Wikipedia

Eugene Pechet

Eugene Pechet (September 22, 1916 – August 23, 2008) was a Canadian hotelier and banker. He bought his first hotel in 1942 and went on to build and operate 25 hotels throughout Western Canada and the United States.[2][3]

Eugene Pechet
Born(1916-09-22)September 22, 1916
Romania[1]
DiedAugust 23, 2008(2008-08-23) (aged 91)
Occupation(s)Hotel owner
Banker
Businessperson
SpouseRose Simkin
ChildrenHoward Pechet

Eugene's grandfather Mayer Pechet was born on September 6, 1877 in Bucharest and married Marie Weisler (1886–1972) in 1902. The couple moved to Saskatchewan in the same year, opening a tinsmith shop in town, and would have a total of eleven children.[4]

Eugene Pechet was born in Hirsch, Saskatchewan, on a Hirsch Jewish farming colony near Lipton, Saskatchewan. Following Depression-era economic hardships, the family moved to Edmonton in 1928. Eugene bought his first hotel, the Auditorium Hotel, in North Battleford in 1942.[5][6][4]

Hotels

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The Mayfield Inn in Edmonton was built by Stage West, Pechet's hotel business, in 1972. During its existence it was one of Edmonton's most famous hotels, and was especially notable for its 100 square metre Thai sala, a style of pagoda. The sala arrived in Edmonton for the 1987 K-Days exhibition, where it stood before the Kingdom of Thailand's trade exhibition. It took 12 Thai carpenters fifteen weeks to disassemble two old homes, harvest the seasoned teak, and re-assemble the sala in Edmonton - for a reported cost of $100,000.[7] Due to high shipping costs, Pechet decided to buy the sala for $50,000, and installed it at the Mayfield Inn, covering a swimming pool to do so.[citation needed]

Following the sale of the Mayfield Inn to SilverBirch hotels in 2007, it was then sold to and redevelopped by DoubleTree Hilton. It reopened in 2014 after a $65 million construction phase, during which 200 employees of the hotel were laid off.[8] Following a month-long closed-bid sale on Kijiji, the sala was re-bought by Eugene Pechet for around $12,000, and was transported to Vernon, British Columbia to be re-assembled on the beach outside Pechet's cottage on Okanagan Lake.[7]

The Mayfield Dinner Theatre, a popular attraction at the hotel, continues to operate under the new hotel ownership.[citation needed]

Banking industry involvement

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With Charles Allard, Pechet also founded the Canadian Western Bank, formerly the Bank of Alberta. They started the bank with three employees working out of an office located in one of Mr. Pechet’s hotels.[9] As of 2010, the CWB has total balance sheet assets of just under $12 billion, assets under administration of over $8 billion and assets under management approaching $1 billion.[citation needed]

References

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  1. ^ Livingstone, Barb (June 6, 2014). "Vineyard dreams". The Calgary Herald. Retrieved June 13, 2014.
  2. ^ "Entrepreneur Eugene Pechet dead at 91". The Edmonton Journal. Archived from the original on June 28, 2011. Retrieved February 26, 2011.
  3. ^ "Pechet, Legendary Edmonton Hotelier dies at 91" (PDF).
  4. ^ a b "Pechet (family) - Alberta On Record". albertaonrecord.ca. Retrieved December 12, 2023.
  5. ^ n/a, n/a (August 25, 2008). "Entrepreneur Eugene Pechet dead at 91". Edmonton Journal. Archived from the original on December 12, 2023. Retrieved December 12, 2023.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  6. ^ "Manitoba History: Doomed to Failure: The Jewish Farm Colony of Hirsch, Saskatchewan". www.mhs.mb.ca. Retrieved December 12, 2023.
  7. ^ a b Mah, Bill (December 19, 2012). "Mayfield Inn sells iconic pagoda to former hotel owner". Edmonton Journal. Retrieved December 12, 2023.
  8. ^ Mah, Bill (February 1, 2014). "Mayfield reborn as Doubletree". Edmonton Journal. Retrieved December 12, 2023.
  9. ^ "Canadian Western Bank celebrates 25 years of success" (PDF). CWB Corporate Website. Archived from the original (PDF) on July 8, 2011. Retrieved February 26, 2011.
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