CBRE Hotels

The Canadian hotel sector is reeling from COVID-19

Canadian Facility Management & Design

Canadian hotel sector assumes survival mode

Although plummeting occupancy appears to have bottomed out and crept back up marginally, Canadian hotels, on average, were less than 20 per cent full as May began.
sliding RevPAR

Canadian Property Management

Hotels brace for steeply sliding RevPAR in Q2

Already, it’s projected that the COVID-19 hit on hotels will be more severe than the combined losses following the 2001 terrorist attacks in the U.S. and 2008 economic crisis.

REMI Network

Record hotel performance to drive new construction

Amid strong tourism and business travel, CBRE expects 2019 hotel investment volume to exceed last year’s total of $1.5 billion.
Halifax portfolio

Canadian Property Management

CBRE announces sale of the Toronto Plaza Hotel

The hotel had not operated as a traditional hotel since February 2016 with the City of Toronto leasing the rooms to help shelter the homeless.