TORONTO — Sales of Canadian hotel real estate in 2011 increased for a second consecutive year with total dollar volume rising by 54 per cent from 2010 and 167 per cent from 2009, according to Colliers International Hotels’ 2012 Canadian Hotel Investment Report.
According to the report, 2011 was the fifth-highest year for hotel transaction volume in the past 25 years, with $1.107 billion in sales. Sales of full-service hotels reached $619 million, a 25 per cent increase in volume from 2010. Average price per room increased 30 per cent to $108,000 in 2011.
To read the complete report, visit colliershotels.com.