Deline, Tulita, Fort Good Hope and Colville Lake are not just neighbours in the Sahtu region of the N.W.T., the bands are now business partners, too.

The four members of the Sahtu Dene Council have purchased the Mackenzie Valley Hotel in Norman Wells as equal partners and renamed it the Sahtu Dene Inn. 

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Wilfred McNeely Jr, chief of Fort Good Hope, is also the new president of the Sahtu Dene Inn in Norman Wells, N.W.T. He says the First Nations need the income to offset impending budget cuts from Aboriginal Affairs and Northern Development Canada. (CBC)

Wilfred McNeely Jr, chief of Fort Good Hope, is also the new hotel president.

McNeely said this new business venture will spread the four chiefs thin, "But we have to do something because April 1, 2014 we're all going to get huge cuts to our budgets in our communities so this is just one of the areas to explore a little more to offset the cuts we're going to be taking next year."

McNeely said Fort Good Hope's budget will be cut by $150,000 because of funding cuts from Aboriginal Affairs and Northern Development Canada.

He said the next step is trying to sort out discounted hotel rates for community members.