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Investors show strong appetite for hotels in Canada's largest cities

More upper-tiered property trades, big portfolio sale contribute to notable increase in hospitality sales
The Residence Inn Calgary Downtown/Beltline was Canada's largest sale of an urban single-asset hotel in 2024 (CoStar)<br>
The Residence Inn Calgary Downtown/Beltline was Canada's largest sale of an urban single-asset hotel in 2024 (CoStar)
CoStar Analytics
January 24, 2025 | 4:27 P.M.

Hotel buyers were increasingly active in 2024, with sales of hotel properties in Canada’s six largest cities jumping 28% year over year.

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