Hotel transactions on the rise in Canada, report says

03/29/2013 | Hotel Management online

According to Colliers International, Canada will experience growth in the hotel development sector for the next few years -- Ontario is seeing the most action. "Unlike the 2005-2007 era when deal volume surged mainly due to one-off strategic acquisitions, the current up-cycle stems from traditional transactions and reflects a healthy market supported by the strength of other commercial real estate sectors, improving economic indicators and low borrowing costs," said Alam Pirani, executive managing director at Colliers International Hotels.

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