Value of recently closed transactions
Closed sales in most recent year
Hospitality is a billion-dollar-industry with properties spanning a wide variety of types, from limited service to full-service luxury hotels.
Hospitality / Golf / Resort Properties Available Now
Investment specialists in Marcus & Millichap's National Hospitality Group (NHG) and National Golf and Resort Properties Group focus exclusively on providing investment advisory and transaction services for hospitality, lodging, resort and golf properties. The group leverages Marcus & Millichap's network of more than 1,700 investment sales and financing professional specialists in offices nationwide and across Canada to expose properties to the largest possible pool of qualified investors.
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Demand Surges For Canadian Hotels Amid Heightened Tourism
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Occupancy Remains at Record Levels as Hoteliers Adapt to Emerging Travel Trends
Room demand remains at peak levels. Another year of steady job creation and rising wages will support consumer spending at hotels this year, marking a 10th consecutive year of occupancy and RevPAR growth. The improving economy is already boosting travel plans for many individuals. More than 96 percent of people surveyed late last year about upcoming travel plans indicated they would be taking a trip in 2019 and roughly 76 percent of those are scheduling at least two or more trips this year. In addition to leisure travel, significant growth in meetings and events will likely further benefit hotel occupancy and revenue rates. Demand for meetings and events is expected to climb 14 percent in North America this year, and convention centers across the United States are expanding to meet these needs and attract large events to their cities. As these factors converge to support room demand, the supply of new hotels is beginning to moderate, which will further support occupancy improvement this year.