HC² maps out Canadian hotel opportunities

TORONTO — The last time hotel financing was this liquid was in the mid-1980s, said Mark Kay, CFO Capital, in opening remarks to Hotel Capital Connection on Oct. 30. Monique Rosszell, HVS, identified gaps in the Canadian market just waiting to be filled.

NEWS BRIEFS Update Feb. 12, 2019

Canadian Hotel occupancy highest since 1999. go2HR's Inclusive Customer Service course. Vancouver Convention Centre Concierge. Host city named for Atlantic Canada Showcase. RLH Corp.'s new currency. Restaurants Canada and TIANB now Association Partners.

Canadian markets awesome, except St. John's

TORONTO — Brian Stanford, senior managing director at CBRE Hotels, described the Canadian hotel market as “awesome.” The only place that shows negative growth is St. John’s, N.L.

What the majors are doing in South America

GUAYAQUIL, Ecuador — Worldwide hotel brands are working with local partners, they're in the South America for the long run, and they're rounding out their portfolios in this exciting market.

Southern B.C., Alberta resorts have stellar performance

VANCOUVER —The strongest year-to-date (YTD) performance results in western Canada are primarily within southern B.C., according to an article by Cindy Schoenauer of CBRE Vancouver.

INNvestment Canada: 2016 on track for record transaction volume

TORONTO — According to Colliers International's mid-year transaction report, sales momentum in Canada remained strong with aggregate transaction volume of over $717 million.

Valsoft acquires InnQuest

MONTREAL – Valsoft announced on June 7 the acquisition of hotel management software company InnQuest Software Corporation.

STR: Economy shows some worrisome signs

LAS VEGAS — Jeff Higley, vice-president digital media and communications at HotelNewsNow.com/STR told delegates at the Vantage Hospitality conference he sees signs another downturn could be coming.

PKF Q3 results for key Canadian markets

TORONTO — PKF's third quarter results show spectacular numbers for Vancouver, where occupancy was 78.5 per cent, ADR rose by 12.9 per centand RevPAR was 17.9 per cent higher than last year.

Bill Marriott's million-room prediction fulfilled

BETHESDA, Md. and STAMFORD, Conn. — Bill Marriott has fulfilled the prediction he made last Jan. 20, when he said "Marriott expects to reach 1 million rooms open or in development in 2015."