Canadian Lodging Industry Overview - Hospitality & Gaming

TRANSACTIONS MARKET The following chart summarizes Canadian hotel transaction volumes for the last 11 years. Since 2010, the Canadian economy has seen steady gains and the outlook for Canada has remained positive. This, combined with a low exchange rate and geopolitical factors, has made Canada a desirable place to invest. These global factors have resulted in the Canadian commercial real estate market seeing strong gains in income and valuations over the past five years.

Canadian Hotel Transaction Volume – 2006 to Year-to-Date October 2017

$5,000

$4,500

$4,000

$3,500

$3,000

$2,500

$2,000

Volume (Millions $)

$1,500

$1,000

$500

$0

2006 2007 2008 2009 2010 2011

2012 2013 2014 2015 2016 YTD Nov 2017 Oct 2017

Single Asset Transactions

Portfolio and Entity Level Transactions

Total

Source: Cushman & Wakefield, CBRE, and Colliers International

11