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.