News
Big Jump In Hotel Transactions
Ontario was among the leaders in hotel transaction activity across the country, according to a new study released by Colliers International Hotels. Overall, hotel investment in Canada surpassed $2B in 2013, the strongest annual performance in a decade. Positive economic conditions, low cost of debt, attractive properties along with attractive yields were the reasons for growth, Colliers’ VP Robin McLuskie says. Where is the ceiling? Robin says much of the volume was attributed to “strategic deals that we consider a special case.” Colliers is forecasting between $1.25B and $1.75B for 2014. (That's a lot of little bars of soap.) Ontario did over $1B in business in 2013. Robin is snapped next to colleague Russell Beaudry.
