Funding in Canadian resorts continued to rise in 2024 with transaction quantity exceeding $2 billion – 17% above 2023 ranges. Momentum was fuelled by a dynamic rotation of market gamers driving vital liquidity, cementing resorts as a number one different asset class inside Canada’s industrial actual property (CRE) sector.

Funding in Canadian resorts continued to rise in 2024 with transaction quantity exceeding $2 billion – 17% above 2023 ranges. Momentum was fuelled by a dynamic rotation of market gamers driving vital liquidity, cementing resorts as a number one different asset class inside Canada’s industrial actual property (CRE) sector.

Document lodge efficiency, engaging yields relative to core CRE lessons, and improved debt circumstances strengthened investor confidence in resorts. This bullish outlook drove heightened competitors for high quality belongings, sustaining near-record common worth per room metrics with predominantly non-public capital sources seizing the chance to transact.

2024 marked a significant return of institutional-grade portfolios and expanded main market funding alternatives which represented a considerable part of the market. Nonetheless, the sector’s long- time period basis stays anchored in small to mid- sized transactions by Canadian owner-operators.

2025 Outlook

With a mixture of home and overseas curiosity buoyed by robust fundamentals, the market outlook for lodge investments in Canada stays optimistic for 2025. There’s a give attention to high quality, with traders prioritizing belongings they anticipate will outperform in a dynamic market. Vendor motivations vary from opportunistic inclinations to strategic rationalization of portfolios.

Obtain the 2025 Canadian Hotel Investment Report for an in-depth overview of 2024 transaction tendencies and the outlook for 2025.