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VANCOUVER–Thanks to a combination of an increased number of travellers and higher rates, Western Canada outperformed Eastern Canada with RevPAR growth, year-to-date through July, of more than seven per cent.
That’s the word from Carrie Russell, managing director of HVS, who gave CLN a sneak preview of her presentation to the Western Canadian Hotel & Resort Investment Conference, which takes place Oct. 7-8 at the Fairmont Pacific Rim and Fairmont Waterfront, in Vancouver.
Western Canadian urban and resort markets will come under the microscope as performance metrics, market trends, hotel and resort values, stakeholder profile and motivations, and sale details from Russell and co-presenter Mark Sparrow of CBRE Hotels.
Kicking off the conference on Oct. 7 is an intense networking session hosted by the Fairmont Pacific Rim, followed by conference sessions on Oct. 8 at the Fairmont Waterfront.
Other highlights include a presentation by Ryan Pomeroy, Jonathan Korol and Fayaz Manji, who will reveal details of a past transaction. It’s one thing to know the asset, buyer and cap rate—but what about how the deal was created?
Tsur Somerville, PhD/professor at UBC’s Centre for Urban Economics and Real Estate looks at strategic objectives such as picking winning markets, the timing of purchases, increasing value by expanding or improving a property, and more.
Also on the agenda is a discussion exploring Canada’s Temporary Foreign Worker (TFW) program. The moratorium on the program has ended and an “overhaul” and new rules unveiled. What are the changes that limit access to the program? What are the penalties for employers who break the rules? Join Dave Kaiser, Celia Koehler, Peter Parmar and a representative from Service Canada, Matthew Wong, for this discussion.
In a session titled “Deal analysis: Do hoteliers rely on gut intuition or analytic approaches?” atttendees will get both sides of the story when they meet “the cowboy” Marc Staniloff and “the computer” Jason Wight.
Delegates will also hear from the next generation of innovative hoteliers—Aleksa Mrdjenovich, Marcel Berube and Hugo Germain.