CFO Capital has announced the successful completion of a significant hotel portfolio financing project, marking a strong finish to a remarkable 2024 for the company and the Canadian hospitality industry, according to a statement from the company.
In collaboration with PHI Hotel Group and Perfect Hospitality, CFO Capital arranged financing for three prominent properties in Alberta. These include the 153-guestroom Holiday Inn by IHG near Calgary Airport, the 142-guestroom Four Points by Sheraton, and the 77-guestroom Element by Marriott in Edmonton.
This latest accomplishment reflects a broader trend in the Canadian hotel market, which reportedly exceeded expectations in 2024 with higher-than-projected RevPAR. CFO Capital says it is optimistic that this momentum will carry into 2025, promising another strong year for the sector.
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