CFO Capital has announced that it has arranged recent refinancing for the newly constructed 80-key Hampton Inn by Hilton, Cornwall sitting on 2.21 acres of land.
CFO Capital writes that it is committed to supporting Canada's rapidly expanding hotel industry. As the market flourishes with increasing leisure, group, and corporate demand, the appetite for new construction and acquisition of hotels and resorts across Canada remains robust.
In 2023, Hilton opened five focused-service hotels including Tru by Hilton Toronto Airport West and four properties under the Hampton by Hilton flag in downtown Toronto, Cornwall, Hamilton and Midland.
The Ontario government has given the green light to Niagara Parks Commission (NPC) to redevelop the Toronto Power Generating Station (TPGS) into a five-star boutique hotel near the brink of Niagara Falls.
Mundi Hotel Enterprises Inc. has added a prominent property to its portfolio with the acquisition of the hotel component in Highline Metrotown, a mixed-use tower in Burnaby, British Columbia.
Taylor Swift’s Eras Tour kicked off its Canadian leg on November 14, 2024, at Toronto’s Rogers Centre, the first of six sold-out performances that will draw tens of thousands of fans nightly.
As 2024 progresses, the Canadian hotel industry is navigating a shifting economic landscape characterized by inflation, fluctuating interest rates, and moderated demand growth. Cushman & Wakefield’s latest report,…
