Canadian Lodging Industry Overview - Hospitality & Gaming
A Cushman & Wakefield Valuation & Advisory Publication
Last year (2016) was a near record year for hotel investment in Canada with total transaction volume at $4.1 billion. The record high transaction volume was largely attributed to the 112-property InnVest REIT sale which traded for $2.1 billion in 2016. Despite the weak investment climate in energy-based Canadian markets, investment activity has remained strong, particularly in Metropolitan Vancouver, Toronto, and Montreal. Activity has been fueled by the lower Canadian dollar, an abundance of equity capital, resilient debt market conditions, and an overall stable national economy. In 2017, the total transaction volume reached approximately $2.625 billion in October. Central Canada continues to lead transactions at 52% of the national total, followed by Western and Atlantic Canada
Transaction Volume by Region Year-to-Date Traditional Sales Province Properties
%
Ontario
52 50% 18 17% 12 12% 10 10%
British Columbia
Quebec Alberta
New Brunswick
5 2 2 1 1
5% 2% 2% 1% 1%
Nova Scotia
Manitoba Nunavut
Prince Edward Island
Year-to-Date Total Traditional Sales Year-to-Date Total Rooms
103
10,642
Year-to-Date Total Traditional Sales Volume Total $ Volume Price per Room
# of Sales
$1,334,631,934 $152,251
95
* Excludes eight sales due to confidential pricing
12
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