Truman and Marriott to bring three high‑profile hotel brands to Calgary
W Calgary, JW Marriott and Autograph Collection hotel to anchor landmark $1.47B development in Culture + Entertainment District
"Following a swift rebound in 2022, Canadian hotel investment sales surpassed $300 million during the first quarter of 2023. With more than $100M of closed volume so far in Q2 and sizeable deals in the pipeline, we expect year end volume could approach $2 billion," writes Fraser MacDonald, director I Canada at Colliers international hotels.
According to the report, the travel industry remains in solid recovery mode. Entering the summer months, hoteliers can expect a robust operating environment with many reaping top-line revenues. While still highly asset and sponsor driven, a broader offering of hospitality financing is available in the market and continues to improve, supporting a strong rebound in transaction activity.
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W Calgary, JW Marriott and Autograph Collection hotel to anchor landmark $1.47B development in Culture + Entertainment District
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