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INNSIGHT Quarterly Q3 2021 Hospitality Report

Brian Flood • 11/22/2021
Highlights the top topics the Canadian hospitality industry is facing, along with a glance at the hotel cap rates across Canadian markets.

Toronto Skyline (image)

After several months of slow activity in hotel transactions, there has been a noticeable increase in market activity in the second and third quarters of 2021. While acquisitions for alternate uses have increased, sales of traditional hotels have also increased. Capital has been available for acquisitions for some time but, until recently, there was limited inventory available. 

Notwithstanding the impact of COVID-19, pricing has been surprisingly strong overall. The impact of weaker results due to COVID has been largely negated by strong investor demand for better quality assets in good markets.

It is beginning to seem as though the Canadian hotel market may finally be emerging from the struggles brought on by the pandemic, with much optimism for the future. While the winter period will surely experience some fluctuations in demand and in many markets will still be below normal levels, recovery expectations are strong for 2022.

Download the report to learn more. 

PERSPECTIVES CONNEXES

CEA
Article • Office

Steel Business Center Discover the history of the traditional enterprise managed by Cushman & Wakefield

Inaugurated in 1995 and acquired in 2017 by Barzel Properties, the Centro Empresarial do Aço – CEA has been managed by Cushman & Wakefield since 1998. The building recently underwent an important retrofit, and continues to promote constant improvements and innovations.

Stela Hirata • 11/25/2022
Canada Census Series
Perspectives • Economy

Canadian Census Series

Throughout 2022, Cushman & Wakefield will be releasing a multi-part series that highlights key takeaways from the 2021 census data released by Statistics Canada.
Kristina Bowman • 11/7/2022

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