A strong pace of activity in the second quarter catapulted first half volume to more than $1 billion with notable urban and resort market sales.
Following a swift rebound in 2022, Canadian hotel investment sales surpassed $300 million during the first quarter of 2023.
Colliers Hotels hasrelease the 28th edition of the Canadian Hotel Investment Report. The report provides an in-depth look at 2022 transaction activity and insights on the road to recovery for the Canadian lodging industry. Further, the report provides an outlook for the hotel investment market in 2023.
Colliers Hotels and Eastdil Secured ILC announced the sale of the InterContinental Montreal on behalf of Pandox AB to Groupe Mach.
Hotel investment sales accelerated in the second half of 2022 with year-end volume pacing at approximately $1.6 billion.
Hotel investment sales saw increased momentum, reaching over $520 million in the third quarter with the year-to-date total pacing at approximately $1.1 billion.
Colliers Georgia Hotel Industry Report 2022 Q2
Colliers Hotels announces it acted as exclusive advisors in the sale of the 71-key Le St-Martin Bromont Hotel & Suites.
Lodging investment picked up in Q2 which saw approximately 25 transactions totaling $375 million with a boost from a handful of full-service and portfolio trades.
A strong finish for hotel investment in Q4 pushed annual transaction volume to just under $2 billion, more than doubling that of 2020 and up 13% from 2019 levels.