Canadian Lodging Industry Overview - Hospitality & Gaming

FEATURED TRANSACTIONS Notable transactions as of year-to-date November 2017 include:

Notable Transactions

# of Properties

# of Rooms

Property

Buyer

Price

bcIMC/SilverBirch Hotel Portfolio Leadon Investment

$1,100,000,000 25

6,757

Westcorp Edmonton Boutique Portfolio (Matrix, Metterra, Varscona)

DSOL Canada Ltd.

$61,150,000

3

371

Rosewood Hotel Georgia

Pacific Reach Properties $145,000,000

156

Sheraton Centre

Thayer Lodging

$335,000,000 $77,000,000

1,372

Thompson Toronto Hotel

Mohari Canada Inc.

105

(left) The sale of Rosewood Hotel Georgia in Vancouver set a new price per room sales record in Canada

(right) The sale of Sheraton Centre in Toronto was the largest single hotel transaction in Canadian history

BUYER PROFILE & ORIGIN In terms of buyer profile, private investors have dominated the market in 2016 and year-to-date 2017. Of these private investors, foreign investors represented $2.7 billion out of the total $4.1 billion transaction volume in 2016. The largest portion of this was the acquisition of the InnVest portfolio by Bluesky Investments, a Chinese investment group. As of year-to-date November 2017, private investors and hotel investment companies represented the most dominant buyers with foreign buyers contributing to a significant portion of sales volume. This was driven by the SilverBirch/Leadon portfolio sale at $1.1 billion. Leadon is also a Chinese investment group.

2016 Total: $4.1B

Domestic Buyers Foreign Buyers

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