The Calgary-based Libin is President and Chief Executive Officer of Balmon Investments Ltd,[1] a private management services and investment company, with interests primarily in hotels, nursing homes, oil & gas, real estate, and financial services.
In 2015, the hotel was sold for an undisclosed figure to Minto Properties, an Ottawa real estate firm.
Founded in 1983, the Alvin and Mona Libin Foundation specializes in support of health organizations with a specific focus upon diseases.
Of its approximately 150 research and clinician members, over 65 are cardiologists, making it the largest heart or cardiovascular institute in Western Canada by that measure.
The foundation further established two other notable entities: the Libin Gene Therapy Unit, which funds research to explore new therapies for heart disease, diabetes mellitus, arthritis and cancer, plus the Libin Lecture Theatre in the Heritage Medical Research Building at the University of Calgary.