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Canadian Hotel Market Update Webinar
365 Days Later
Colliers Hotels and CFO Capital launched the Canadian Hotel Market Webinar Series in March 2020 as the unprecedented impacts of the pandemic took hold. Over the past 365 days, many lessons have been learned as the industry pivoted against a changing landscape. With vaccine programs rolling out across Canada and globally, there is light at the end of the tunnel; however, the outlook for recovery and long-term impacts remains uncertain.
We have brought together our original panel of hotel owners and industry experts for a forward-looking discussion on the lodging industry’s recovery as well as perspectives on hotel valuation, operational changes, debt liquidity, and investment market conditions.
Alam Pirani is Executive Managing Director of Colliers International Hotels based in the Toronto office. He leads the team of professionals responsible for hotel investment advisory services in Canada and the Caribbean and is an Executive Member of the Colliers Global Hotel Team. Alam’s specialized experience is in sourcing equity and debt capital for hotel and leisure investments and providing strategic advisory services for hotel and leisure-related assets. Since joining Colliers in 1991, Alam has been directly involved in portfolio and single asset and debt transactions with a market capitalization of over $10.0 billion in Canada and over $3.0 billion in the Caribbean acting on behalf of REIT’s, public companies, institutional investors, opportunity/investment funds and private capital sources.
Prior to joining Colliers, Alam was with the hotel and leisure time industries consulting firm of Laventhol & Horwath, where he was involved in advising clients on development, valuation and strategic planning in the lodging industry. Alam has also worked in various operations capacities with hotel companies and with a private real estate investment/development company. Alam received his formal education in Hospitality & Tourism Management at Ryerson University.