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Research

Hotel INNvestment Canada Report Q3 2018

Hotel INNvestment Canada Report Q3 2018

Hotel INNvestment Canada Report Q3 2018

Q3 saw approximately $267 million of lodging transactions across Canada, pushing the year-to-date total to over $1.1 billion. Download the Hotel INNvestment Canada Q3 Report which includes a real estate debt update contributed by RBC Capital Markets Equity Research and RBC Economics Research.

Q3 Highlights:

  • Ontario was the top province for hotel investment with 12 transactions representing more than 60% of Q3 volume. 
  • Sales activity in Alberta continued to rise year-over-over, ranking as the second most active province for trading in Q3 with $42 million in volume. 
  • First Capital Realty’s (TSX: FCR) purchase of a 60% interest in Toronto’s luxury Hazelton Hotel for $44.4 million marked the first hotel acquisition by a public company this year.

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