Canada's hoteliers hit hard by recession...

Toronto Star Having your own hotel is no longer chic - at least for some buyers. Fewer investors are interested in becoming hoteliers as Canada's hotel industry continues to be hard hit by recession and values tumble. Transaction volumes plummeted by 61 per cent to $400 million in 2009, down from $1.1 billion in 2008, according to Colliers International Hotels in a report Thursday. "Hotel real estate went through another turbulent year in 2009," said Tom Andrews, senior vice-president of Colliers.