Hotel Investment Activity in Canada Witnesses Significant Decline According to Colliers International Hotels’ Annual Report

Toronto

Press Release

	Hotel Investment Activity in Canada Witnesses Significant Decline According to Colliers International Hotels’ Annual Report
	The global credit crunch and the recession that followed have hit the Canadian hotel real estate sector, which experienced a 77 per cent decline in investment activity, falling to $1.1 billion over the past year, according to Colliers International Hotel’s 2009 Canadian Hotel Investment Report released today. The report also found the average price per room fell by 25 per cent to $116,500 in 2008 from $154,200 the previous year.

	Contact Sarah Eadie at 416.643.3768 for more information. 2009_Hotel_Investment_Report_Press_Release_FINAL.pdf