Colliers Hotels
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.
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.
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.
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.
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.
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.