Colliers International releases its annual Canadian Hotel Investment Report tomorrow, with the GTA region coming in with the highest deal volume of any city in Canada--$289M. Colliers hotel VP Robin McLuskie (above, with colleagueRussell Beaudry)tells us yields on hotels are very attractive across the country: Overall, market dynamics are strong, as well as good availability of product. Deal volume for 2012 nationwide was $1.2B. One key trend--Canadian investors are behind the bulk of the activity. Only one purchase in 2012 involved a company outside of Canada. (We can handle our own hotels, thank you very much.)We see a lot of Americans and other international groups looking at assets, but they havent been competitive enough.
Colliers Reports Robust Hotel Activity in GTA
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Robin McLuskie, Russell Beaudry
