Intelligence
Canada hotels record first occupancy decline in three months
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
News
CFO Capital arranges acquisition financing for two hotels in Weyburn, Sask.
CFO Capital has announced the arrangement of acquisition financing of the Ramada by Wyndham and the new Coast Hotel located in the tertiary market of Weyburn, Saskatchewan.
The Ramada by Wyndham is a 78-room hotel that was ranked as the #1 hotel in the City of Weyburn with guests enjoying the wide assortment of recreational activities and boasts a 4.5-star rating on TripAdvisor.
The new Coast Hotel is a 67-room hotel that is also well-regarded in this market, boasting a 4.5-star rating on TripAdvisor. Weyburn has a population of approximately 11,000 and is a vital center for agriculture, particularly known for its grain and oilseed production. The city hosts numerous agricultural businesses and services, supporting the surrounding farming community.
