The sale of hotel properties in the first quarter of 2014 is estimated to have totaled $183 million with 22 transactions reported across the country.
The majority of hotels transacting this quarter were limited service assets in tertiary markets with Eastern Canada leading the country on volume. The strong pipeline of hotel product on the market which is being met by a diverse buyer group in an overall healthy operating environment will help to drive more activity in the remaining three quarters of 2014.
Click here to download the report featuring an article contributed by Lyle Hall of HLT Advisory titled “Casino Gaming in the Canadian Hospitality Industry”, which includes an industry overview and insight into casino-related hotel development.
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