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.
REMI Network
Shelved takeover attempt resets hotel rivals
Choice Hotels International has retreated from its nearly year-long effort to take over Wyndham Hotels & Resorts, withdrawing its share purchase offer and slate of board candidates.
Canadian Property Management
Hyatt assigns new leadership in the Americas
Susan Santiago has been named president of the Canada and U.S. sub-region with Hyatt Hotels Corporation, in sync with the global hospitality company's new corporate structure for the Americas.
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
Hotel investment volume enjoys COVID recovery
Canadian hotel sales value, occupancy rates and revenue per available room (RevPAR) for the first half of 2023 surpassed pre-pandemic performance in the comparable period of 2019.
Canadian Facility Management & Design
InnVest Hotels executes two summertime deals
The sale of the Ottawa Marriott Hotel follows InnVest's recent acquisition of the historic St. Andrews-by-the-Sea resort in New Brunswick.
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.
REMI Network
Hotel transactions up, sales value down in 2022
The number of hotel transactions hit a record high globally in 2022, but came with a high proportion of single-asset deals for lower-budget properties.
REMI Network
Dr. Steve Gupta appointed to Order of Ontario
Dr. Gupta immigrated to Ontario from India in 1971 with just $108 in his pocket and is now recognized as a leader in the hospitality and condominium industries.
Facility Cleaning & Maintenance
The germ hotspots to watch this travel season
Summer 2022 is expected to be a busy travel and tourism season, but that brings with it risks. It's vital to identify the germ hotspots.
Canadian Property Management
Canadian hotels await post-pandemic recovery
Canadian hotels still aren’t making the Dean’s list for investment performance, but market analysts appear confident that rallying conditions are pushing the sector in a positive direction.
Facility Cleaning & Maintenance
Hilton Hotels to eschew daily room cleanings
The chain's U.S. properties will only clean guest rooms upon request until the fifth day of a stay.
Facility Cleaning & Maintenance
Hotels considering cutting housekeeping staff
Hotels are considering cutting back on services like daily room cleaning as they struggle to hire back a large enough proportion of their pre-COVID-19 workforce.
REMI Network
Nova Scotia invests in tourism recovery
Operators of tourist-friendly spaces across Nova Scotia will be on the receiving end of a $18.2-million restart package as part of the province's phased reopening strategy.
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
Canadian hoteliers get needed COVID-19 relief
Relief helps to offset a year when RevPAR plummeted by 60 per cent relative to 2019 and the 12-monrh average hotel occupancy rate barely nudged above 33 per cent.
