Colliers International Hotels Q3 2012 INNvestment Canada (PDF)

2012-10-26
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  • Colliers International While overall Canadian real estate investment remains robust, hotel investment activity is down year-to-date Q3 over the same period last year, mirroring current US trends. Sales of significant commercial property in the US is up year-to-date Q3 totaling over $181 billion versus last year’s $143.5 billion, however the volume of hotel properties sold is down about 19% for the current year-to-date period, totaling $12.3 billion.

    While overall Canadian real estate investment remains robust, hotel investment activity is down year-to-date Q3 over the same period last year, mirroring current US trends. Sales of significant commercial property in the US is up year-to-date Q3 totaling over $181 billion versus last year’s $143.5 billion, however the volume of hotel properties sold is down about 19% for the current year-to-date period, totaling $12.3 billion.

    That said, Real Capital Analytics has forecast a much stronger Q4 with improved financing conditions and the volume of deals done in early October and those reported under contract totaling well above $5 billion, which will bring year-end volume to a level comparable to 2011’s $19.3 billion total. Similarly, while Canadian hotel transaction volume is down, with the volume of deals currently under contract, we anticipate year-end volume to range anywhere from last year’s $1.2 billion total up to $2.0 billion.

    Click here to access the Colliers International Hotels Q3 2012 INNvestment Canada newsletter



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