Russell Beaudry

Activity in the lodging capital markets remained muted through Q1 which saw approximately $197 million in transaction volume with acquisitions for alternate use remaining a key driver of activity. Looking ahead, an anticipated cresting of the third wave as the vaccine roll-out gathers steam and growing deal pipeline indicate the sector is poised for a rebound in the second half of the year.

Following a decade long run of largely strong hotel market fundamentals, investment activity fell to the lowest levels since the 2009 financial crisis in 2020 as the weight of the pandemic took hold.

Challenging hotel operating conditions continued into Q4 as a second wave of COVID-19 brought renewed travel restrictions and shelter in place orders. With vaccine programs now rolling out across the country, there is light at the end of the tunnel. Download our latest report which features an article from the Hotel Association of Canada on current government liquidity programs as well as Colliers Hotels' 2020 hotel transaction highlights.