Colliers This autumn 2023 Canadian Lodge Funding Report

Canadian resort funding exercise totalled roughly $320 million within the fourth quarter, pushing the year-end complete to over $1.65 billion primarily based on Colliers Lodges’ preliminary gross sales knowledge. Funding exercise remained resilient year-over-year with established and new entrants to the sector eyeing accommodations as funding autos in a quest for money movement whereas dealing with headwinds from rates of interest and inflationary pressures. 

Whereas not a stand-out yr for total quantity, 2023 marked a brand new report for nationwide common value per key metrics which approached $180,000 with almost 90% of quantity attributed to acquisitions for ongoing resort use.

Obtain the newest INNvestment Canada Lodge Report for preliminary transaction highlights in addition to an replace on lodging efficiency and tourism traits right here.