31 Jul 11
Saskatchewan’s Robust and Healthy Economy Provides Remarkable Investment Potential
Western Hotelier With an estimated population of over one million people, Saskatchewan is predicted to be the fastest growing province in Canada in 2011. Saskatchewan is a four-season destination, recognized for its natural beauty, ecotourism adventures and rich culture.30 Apr 11
Renewed Optimism in the Hotel Sector Boosts Transaction Activity in Western Canada
Western Hotelier Transaction activity in the hotel sector has perked up since the cyclical lows of 2009. A total of 86 hotels exchanged ownership across the country in 2010, representing a 73 per cent increase in transaction volume to $717 million from $414 million recorded the year before.08 Mar 11
Foreign investors eye rooms with a Canadian view
Globe and Mail Investors in Canadian hotels have had one thing in common over the last decade - their nationality. In 92 per cent of accommodation property deals over the past 10 years, the buyers have been domestic. Foreign buyers have preferred larger markets such as the United States. They have also favoured Asia, where economic growth has been outpacing that of North America. Colliers International Hotels thinks the trend is about to change. As investors avoid deeply discounted properties in the U.S. over fears of protracted weakness, and begin to find overseas growth markets increasingly crowded, executive managing director Alam Pirani expects them to turn their attention to Canada.01 Mar 11
Strong Demand from Foreign Investors to Lift the Canadian Hotel Investment Market in 2011
Colliers International Hotels / Cohn & Wolfe Investment activity in Canada’s lodging industry is expected to boom over the next 12 months by up to 30 per cent from 2010 levels, according to the Colliers International Hotels report and forecast released today. The anticipated surge in investment activity will arrive at the heel of last year’s exceptional market rebound and fuelled by demand from foreign investors, especially U.S. hotel companies who find it challenging to compete for transactions at home and will be looking for opportunities north-of-the- border.21 Feb 11
Historic Hospitality
Ottawa Business Journal The nearly century-old Fairmont Chateau Laurier is owned by a limited partnership – LGY Acquisition – which includes InnVest REIT and the Cadbridge Investors partnership. For strategic reasons, Cadbridge partner Caisse de dépôt et placement du Québec is re-examining its stake in the hotel business, which includes 55 properties in Canada, the United States and Europe.19 Jan 11
Hotel Investors Optimistic about the Future of the Canadian Economy: Colliers International Hotels Survey Finds
Colliers International Hotels / Cohn & Wolfe Canadian and foreign investors are bullish about the long-term prospect of our economy according to Colliers International Hotels’ Investment Sentiment Survey released today. Nearly 80 per cent of survey respondents expressed optimism about the performance of the Canadian economy over the next three to five years. The study, conducted jointly with the Ted Rogers School of Hospitality and Tourism Management at Ryerson University, found 40 per cent of respondents choose to ‘Hold, Renovate and Expand’ as their primary investment strategy over the next 12 months...04 Nov 10
Revamped hotels are prepped for an industry recovery
Globe and Mail Hoteliers aren’t exactly breaking open the champagne now that occupancy and room rates are inching up, but those who have committed to upgrades and renovations are feeling splashes of hope that their investments are paying off or will soon reap benefits. InterContinental Hotels Group (owner of Holiday Inn, Crowne Plaza, Candlewood Suites and others), Starwood Hotels and Resorts (Westin, Sheraton and Meridien, for example) and other accommodation interests are competing for consumer loyalty with the return of business traveller traffic during this economic recovery.24 Sep 10
