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
InnVest acquires Banff Inn
Colliers Hotels has announced the sale of the Banff Inn on behalf of Banff Inn Inc. to InnVest Hotels.
“Nestled in the heart of the breathtaking Canadian Rocky Mountain Parks UNESCO World Heritage Site, Banff is renowned worldwide for its stunning scenery,” offers Robin McLuskie, managing director, hotels at Colliers.
The Banff Inn, with 99 guest rooms, is centrally positioned on Banff Avenue and offers a diverse range of amenities. “Congrats to both the seller and InnVest Hotels on this exciting transaction! We're thrilled to have been a part of it,” writes McLuskie.
