News
Colliers Reports Robust Hotel Activity in GTA
March 26, 2013
Colliers International releases its annual Canadian Hotel Investment Report tomorrow, with the GTA region coming in with the highest deal volume of any city in Canada--$289M. Colliers hotel VP Robin McLuskie (above, with colleagueRussell Beaudry)tells us yields on hotels are very attractive across the country: Overall, market dynamics are strong, as well as good availability of product. Deal volume for 2012 nationwide was $1.2B. One key trend--Canadian investors are behind the bulk of the activity. Only one purchase in 2012 involved a company outside of Canada. (We can handle our own hotels, thank you very much.)We see a lot of Americans and other international groups looking at assets, but they havent been competitive enough.
