Activity in the lodging capital markets remained muted through Q1 which saw approximately $197 million in transaction volume with acquisitions for alternate use remaining a key driver of activity.
Looking ahead, an anticipated cresting of the third wave as the vaccine roll-out gathers steam and growing deal pipeline indicate the sector is poised for a rebound in the second half of the year.
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.
Russell joined Colliers in 2008 and has over 15 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.
