CFO Capital has arranged financing for the development of a Courtyard by Marriott hotel in Québec City. The planned property will have 160 guestrooms and a total area of just over 107,000 square feet.
Market conditions
Québec City’s hotel sector has been performing well in 2025. Revenue per available room (RevPAR) increased in the first quarter by nearly 11 per cent compared to the same period last year, the strongest growth among Canada’s major markets. Occupancy has remained steady while average daily rates have continued to climb, helping drive overall revenue growth.
Across Canada, hotels reported an average occupancy rate of just over 70 per cent in May, with both daily rates and RevPAR up from a year earlier. Industry analysts point to steady business travel and resilient leisure demand as contributing factors.
About CFO Capital
CFO Capital is a Canadian commercial mortgage brokerage that provides financing for real estate projects, including hotels. The firm reports that its leadership team has extensive experience in commercial banking and hospitality-related transactions.
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