Canada
Cookies

This website uses cookies to remember site preferences. By using this website you consent to the use of cookies.

Research

Hotel INNvestment Canada Report Q3 2017

Hotel INNvestment Canada Report Q3 2017

Hotel INNvestment Canada Report Q3 2017
A steady sales pace continued through the third quarter with approximately $473 million in closed volume, raising the year-to-date national total to over $2.6 billion. Download the Hotel INNvestment Canada Q3 Report which includes an article contributed by HVS Canada: Four Things to Know as Canada’s Energy Markets Turn the Corner.

  • Overall pricing remained strong with average price per key growing 27% year-over-year to $161,200.
  • Buoyed by improving hotel operating fundamentals, Alberta saw nearly $100 million of sales activity in Q.3 compared with less than $30 million in the first half of the year.
  • Atlantic Canada also saw stronger investment interest this quarter exceeding $42 million, compared with approximately $30 million (seven trades) in full year 2016 for the Atlantic region.
  • The sale of the historic 156-key Rosewood Hotel Georgia in Vancouver, BC for $145 million set a new price per room sales record in Canada at $929,500 per key.

Download Document

( PDF Document 736 KB )

Subscribe to Research

Subscribe by email

Share This Page

For more information, please contact

Close