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.
Opened in 2019 as the largest Residence Inn in the world, the 390-suite Residence Inn Calgary is a 33-storey property located in the Beltline District in downtown Calgary.
On-site dining options are available in the Hearth Room and at Stable Tenth Avenue Café and Cocktail Bar, offering a full breakfast buffet along with a coffee bar that transitions to a cocktail lounge and features a farm-to-table menu.
The meeting spaces, which encompass more than 7,000 square feet over seven rooms, provide panoramic city views, ideal for corporate events or catered social events. The hotel’s location and amenities cater to leisure and corporate guests.
Manga Hotels continues to bolster its offering of properties in diversified markets throughout Canada. In June 2024, Manga acquired the Hilton Garden Inn and Homewood Suites by Hilton in downtown Calgary. “As our organization continues to grow, we are excited to extend our western presence with a third hotel and over 700 rooms in Calgary,” says Sukhdev Toor, president and CEO of Manga Hotels, “This property is a flagship institutional quality hotel representing the very best of Marriott’s extended stay brand”. With this acquisition, Manga Hotels increases its Marriott portfolio to eight properties with 1,800 rooms.
Manga Hotels is one of the largest privately held hospitality companies in Canada specializing in the acquisition, development, and management of real estate. Manga focuses on high-quality residences, independent hotels and hotels affiliated with prestigious brands such as Marriott, Hilton, InterContinental Hotel Group and Hyatt in Canada and the United States. The group’s combined portfolio consists of 31 hotels with 5,800 rooms and an additional 1,250 rooms in the pipeline primarily located in downtown Toronto as well as 5 high-rise residential rental developments comprising over 2,000 units and an additional 2,200 low-rise houses in the pipeline for the Greater Toronto Area.
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.
Opened in 2019 as the largest Residence Inn in the world, the 390-suite Residence Inn Calgary is a 33-storey property located in the Beltline District in downtown Calgary.
In January 2025, STAY Magazine will host this new and exclusive event that will bring together Canada’s top hotel property-level leaders to share industry knowledge and look to the future on topics of the greatest…
Four Seasons Hotel Toronto has announced its partnership with the 2024 Toronto International Film Festival (TIFF) presented by Rogers, transforming the luxurious venue into a hub of cinematic glamour and excitement…