2018 Canadian Hotel Investment Report

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Solid economic and financing conditions, an all-time high in tourist arrivals, and favorable hotel supply/demand dynamics supported near record transaction volume in 2017 of $3.5 billion. Canada continued to be a natural destination for global capital with foreign buyers investing more than $1.35 billion into Canadian lodging real estate.
 
Report Highlights: 
  • A growing buyer universe and heightened competition for hotel assets drove valuation growth across all segments with a new average price per room record of $161,400. 
  • Ontario remained the top province for traditional hotel investment with 53 transactions exceeding $1.2 billion in value. 
  • New room night supply growth (net of closures) in Canada’s 17 major markets grew by 0.4% in 2017 with an increase of 1.8% expected in 2018, led by downtown Montreal, Halifax, Ottawa, and Calgary.
  • The value of Canadian hotel real estate, based on an aggregate of 17 major markets increased by approximately 13.2% in 2017 - the strongest valuation growth on record since Colliers began tracking in 1992.  

Hotel Investment 2

2018 Canadian Hotel Investment Report

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For More Information, Please Contact:

Fraser Macdonald

Director | Hotels | Canada

Toronto Downtown

Fraser has been involved in more than $3 billion of lodging transactions across Canada and the Caribbean since joining Colliers in 2013. In his position as Director, Fraser works closely with the national hotel brokerage team with a focus on financial underwriting, business and proposal development and strategic research.  Fraser provides customized market intelligence for clients on trends influencing lodging investment in Canada and leads production of Colliers’ hotel research including the INNvestment Canada Quarterly Hotel Reports and the Canadian Hotel Investment Report. 

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