REMI

Colliers Hotels

Hotel transaction volume outpacing last year

Canadian Property Management

Hotel transaction volume outpacing last year

Colliers Canada projects hotel transaction volume should surpass $2 billion in 2024, based on first half sales and properties currently in the deal pipeline.
Hotel sales value value and room prices up in Q1

Canadian Property Management

Hotel sales value and room prices up in Q1

Canadian hotel sales totalled $750 million in the first quarter of 2024, up 130 per cent from the comparable period last year. The average price per room also increased by 12 per cent.
Hotel sector projected to post modest growth

Canadian Property Management

Hotel sector projected to post modest growth

After a year of occupancy gains and buoyant earnings, the Canadian hotel sector is projected to experience more modest, but continued growth in 2024.
Canada a hyper version of multifamily trends

Canadian Property Management

Canadian hotel sector shaking off COVID-19

Average RevPAR surpassed 2019 levels last year, while increased international travel and a low Canadian dollar are projected to push up occupancy in 2023 and 2024.
Hotel deal activity projected to pick up in Q2

Canadian Property Management

More hotel deal activity projected beyond Q2

Of the 21 transactions totalling approximately $197 million in value during the first quarter of 2021, seven properties were sold for redevelopment or conversion to other uses and three were distressed sales.
hotel recovery relies on impulsive staycationers

Canadian Property Management

Hotel recovery relies on impulsive staycationers

Following what’s characterized as the most difficult quarter yet recorded for Canadian hotel owners and operators, industry analysts are tracking the arduous climb back from the early April trough.