The Canadian Centre for Ethics & Corporate Policy presents a panel on ‘Ethical Issues in Tourism and Hospitality During the Pandemic.’
Q42021 Transaction Highlights: Colliers
Colliers has released its Q42021 Transaction highlights for the Canadian hotel sector.
Colliers has released its Q42021 Transaction highlights for the Canadian hotel sector as follows:
- Hotel transaction activity accelerated in Q4 with approximately 52 transactions totaling more than $850 million, representing the third largest quarter for hotel investment by volume since the global financial crisis. The strong end to the year pushed annual transaction volume to just under $2 billion, more than doubling that of 2020 ($862M) and up 13 per cent from 2019 ($1.76B).
- Fourth quarter activity was elevated by a handful of high-profile transactions in the Greater Toronto and Montréal regions as well as key Ontario and Alberta resort markets with five trades over $50 million.
- The top three trades by volume in 2021 include the Hilton Garden Inn Toronto-Vaughan ($133M — redevelopment), Deerhurst Resort ($106.2M), and the King Blue Hotel Toronto ($74M).
- While pandemic conditions have endured, investor confidence has remained largely intact with nearly 60 per cent of annual volume related to acquisitions for continued hotel use and just 2 per cent from distressed situations with the balance represented by transactions for alternate use or redevelopment.