Canada’s Hotel Investment Industry Still Shaken by Recession’s Aftershock: Colliers International Hotel’s Annual Report Finds

Colliers International Hotels / Cohn & Wolfe Still under the ripple effect caused by the recession that hit global markets two years ago, Canada’s hotel investment industry experienced yet another challenging year as transaction volume and values continued to spiral downwards, according to Colliers International Hotel’s Canadian Hotel Investment Report released today. Total transaction value declined by 61 per cent from $1.1 billion in 2008 to just over $400 million over the past year, representing only 74 non-strategic hotel transactions led mainly by private investors, who represented 60 per cent of the transaction volume.