INNvestment Canada Hotel Report Q2 2019

Approximately $830 million of hotels transacted across the country in the first half of the year, pacing 4% above comparable levels in 2018 ($800 million). Download the Mid-Year Transaction Report which includes an analysis of year-to-date trading activity.

  • Following moderate activity in Q1, more than 70% of year-to-date volume closed in the second quarter, boosted by the sale of Westin properties in Ottawa and Calgary as well as the acquisition of a seven-property Jasper Resort Portfolio in Alberta.
  • A diverse mix of domestic groups continue to be dominant acquirers in the market, representing 83% of year-to-date buy-side volume with the balance from U.S., Korean and Middle Eastern capital sources. 
  • Colliers estimates full-year transaction volume for 2019 should be in line with activity in 2018 and range from $1.5 to $2.0 billion.

 


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INNvestment Canada Hotel Report Q2 2019

For More Information, Please Contact:
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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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