Canadian hotel investment activity totals approximately $750 million in first quarter: Report
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Canadian hotel investment activity totaled roughly $750 million in the first quarter of 2024, up more than twice from the same period last year with the closing of major portfolio and single asset transactions, according to the Q1 2024 INNvestment Canada Hotel Report by Colliers International Hotels.
According to the report, 60 per cent of volume was attributed to portfolio transactions spanning 19 hotels, including a $410 million disposition by Morguard...
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