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2023 Canadian Hotel Investment Report

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research article

Colliers Hotels is pleased to release the 28th edition of the Canadian Hotel Investment Report. The report provides an in-depth look at 2022 transaction activity and insights on the road to recovery for the Canadian lodging industry, as well as an outlook for the hotel investment market in 2023.

Key Takeaways

  • A faster than expected operating recovery and investor optimism supported overall healthy hotel investment volume of over $1.6 billion in 2022.
  • The hotel transaction market saw participation from a well-balanced buyer pool with a predominate focus on acquisitions for ongoing hotel use. 
  • Catch-up capital post-pandemic will continue to propel the market this year as equity remains plentiful for deals small to large.

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2023 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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Robin McLuskie

Managing Director | Hotels

Toronto Downtown

Robin has been with Colliers since 2003 and is responsible for hotel and resort investment sales, business development and client management. As Managing Director of Canadian hotel brokerage operations, she is an industry leader representing Canada's largest hotel owners, focusing on developing long-term client relationships and helping to establish Colliers as the advisor of choice to institutional capital and private investors.

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Russell Beaudry

Senior Director | Hotels

Vancouver

Russell joined Colliers in 2008 and has nearly 20 years experience in the lodging industry. Working closely with the Colliers team and clients, he directs brokerage and advisory assignments. In addition to transaction and advisory responsibilities, he oversees research and marketing initiatives, as well as special projects.

Prior to Colliers, Russell held positions at Marriott and Four Seasons. He earned a bachelor’s degree in Commerce from Ryerson University’s School of Hospitality and Tourism Management and holds a certificate in Hotel Real Estate Investments and Asset Management from Cornell University.

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