Hotel operations and valuations: A COVID-19 case study

CALGARY — Industry stakeholders are justifiably concerned about hotel operations and hotel valuations in light of COVID-19. JT Dhoot and Tim TIndle provide an abbreviated case study to show how operations and valuation of a hypothetical 100-room branded limited-service suburban hotel would be affected. 

Superior/MasterBUILT pockets performing well

CALGARY — Marc Staniloff, owner of Superior Lodging Corp. and co-founder and chairman of MasterBUILT Hotels, described the events of the last few months...

STR Canada results for week ending Sept. 12

HENDERSONVILLE, Tenn. — STR data for September 6 to 12, 2020, showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while...

Isherwoods retiring and CLN up for sale

TORONTO — Colleen and Steve Isherwood are ready to retire, but they are actively seeking a buyer for Canadian Lodging News, and have had some interest. "Canadian Lodging News isn’t the sort of publication people file away to read when they have time. People open it immediately," said Colleen Isherwood. "My strong desire is to see it continue." 

NEWS BRIEFS December 15, 2020

Zonetail launches assistance for restaurants. Cornell says Montreal hotels are most sustainable. Hilton and Marriott CEOs say investors should act now. Tourism losing workers daily.

Repurposing hospitality spaces during COVID-19

CANADA — The Vancouver Convention Centre will be used as a hospital; Quebec and Ontario governments are working toward use of hotels as hospitals; and the Canadian Navy is seeking a Halifax hotel to house troops.

Hotels need cash infusions and forgivable loans

TORONTO — Tony Elenis, president and CEO of the ORHMA has a laundry list of asks in order for our hospitality industry to survive, including rent relief, tax relief and forgivable loans. Here is what he'd like to see.

Rapid Response program for Tourism Workers

TORONTO — The disruption to the global economy from COVID-19 is unprecedented and rapidly evolving with its impact on the Canadian labour market likely to be widespread, long-lasting, and unpredictable. The Future Skills Centre (FSC) and OTEC recently announced a rapid response project for the hundreds of thousands tourism and hospitality workers who have lost their jobs because of the COVID-19 crisis.

HAC launches AHLA’s Safe Stay in Canada

OTTAWA, Ont. — HAC has launched Safe Stay here in Canada, partnering with the American Hotel & Lodging Association to provide a North American best practice approach. The enhanced safety protocols elevate existing standards to prepare hotels for the new COVID-19 reality.

Design efficiencies will help hotels succeed post-COVID came about because one of our main investors has run a design firm for the past 30 or so years and saw an opportunity to make the design and procurement process more efficient and streamlined.