Canada hotel market report
2024 review and 2025 outlook
Westin Canada po
Westin Canada Portfolio
- Location: AB and ON
- Client: Starwood Capital Group
- Size: 1,430 rooms
- Service Type: Investment sale
Leading global real estate investor, StarwoodCapital Group, hired us to facilitate the sale of this portfolio via conveyance of the separate tax efficient structures that owned each hotel. The opportunity allowed for the sale of individual assets or any combination. The portfolio included the Westin Ottawa (492 rooms) that garnered the most interest as an individual asset including a shared facility agreement. The other hotels included the Westin Calgary (522 rooms) and Westin Edmonton (416 rooms.)
It is vital that a high-profile hotel of this magnitude be widely marketed through the entire Avison Young global network. The importance of a well-run process proved extremely significant in hindsight of events that followed in early 2020.
Key highlights
Significant stabilization
$1.3 billion in hotel transactions
Moderate growth in 2025
Your source for the latest Canada hotel market reports
Get in-depth hotel market reports and insights from commercial real estate experts in Canada. Avison Young advisors look at Canadian commercial real estate activities and the latest Canadian statistics to provide you expert market research on Canada's hotel properties.
Explore different topics like the largest hotel market transactions and analysis of Canada's current hotel market conditions. Gain a better understanding of Canada's hotel real estate outlook and stay ahead of current hotel trends. Make smart decisions when it comes to investing in office properties in Canada's competitive hotel market. Avison Young is your trusted source for commercial real estate hotel market insights in Canada.