Colliers Q4 2023 Canadian Hotel Investment Report

Canadian hotel investment activity totalled approximately $320 million in the fourth quarter, pushing the year-end total to over $1.65 billion based on Colliers Hotels’ preliminary sales data. Investment activity remained resilient year-over-year with established and new entrants to the sector eyeing hotels as investment vehicles in a quest for cash flow while facing headwinds from interest rates and inflationary pressures. 

While not a stand-out year for overall volume, 2023 marked a new record for national average price per key metrics which approached $180,000 with nearly 90% of volume attributed to acquisitions for ongoing hotel use.

Download the latest INNvestment Canada Hotel Report for preliminary transaction highlights as well as an update on lodging performance and tourism trends here.