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Content tagged with: Hotels and Resorts

Canada's lodging market normalizing, but growth continues

Steve McLean Commercial Hotels and Resorts National Mar. 12 2024

The pace of growth in Canada's lodging market slowed late in 2023 as things returned to more normalized levels after the boom of 2022 following COVID-19 lockdowns, but there were still improvements in room demand and average rates.

Sunray Group buys 4 Ontario, Alberta hotels for $76.7M

Steve McLean Commercial Hotels and Resorts National Mar. 7 2024

A continuing recovery from the lows of the COVID-19 pandemic and strong fundamentals in Canada’s hotel industry are behind Sunray Group’s acquisition of four Ontario and Alberta hotels in recent weeks.

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