NVD utilizes strategic partnerships to expand its scope of opportunities and broaden its operating footprint. NVD has entered into a number of partnerships and joint ventures with Yukon First Nations that we believe are critical to our continued success in the Yukon. NVD and its partners seek mutually beneficial projects that meet our return on investment targets.
Tr’ondëk Hwëch’in Trust (THT) and Tr’ochëk Limited Partnership.
Dawson-based THT is the largest investor in NVD, having joined us in 2012 through a loan arrangement that was converted to a major equity investment. Tr’ochëk Limited Partnership is their related development arm. In 2013, Tr’ochëk Limited Partnership and NVD entered into a 50/50 Joint Venture to acquire the Downtown Hotel. The Midnight Sun Hotel was added to the portfolio in 2019. Lori Simcox, who is a Tr’ondëk Hwëch’in citizen, is a member of the NVD board of directors.
Carcross Tagish First Nation (CTFN).
Na-Cho Nyäk Dun Development Corporation
In 2019 NVD entered into a 49/51 Joint Venture with NNDDC to acquire the Bedrock Motel in Mayo, Yukon.
Selkirk Development Corporation
In 2012, NVD and Selkirk Development Corporation entered into a 49/51 Joint Venture to build a 7,600 square foot building in NVD’s Titanium Way Business Park.