RIMAP Hospitality breaks ground on Renaissance Marriott Ottawa
Slated to open in 2027, RIMAP Hospitality has announced that it has broken ground on the Renaissance Marriott Ottawa—a 230-room hotel in downtown Ottawa situated at 395 Slater Street.
Colliers Hotels has released its Q1 2024 INNvestment Canada Hotel Report.
Canadian hotel investment activity totaled approximately $750 million in Q1 2024, up more than twofold from the same period last year with the closing of major portfolio and single asset transactions.
Approximately $750 million of hotel transactions were tracked across Canada in Q1 2024, up more than twofold from the same period last year:
The most significant measure announced in the 2024 Federal Budget impacting the real estate industry is the increase in the capital gains inclusion rate from 50 per cent to 66.67 per cent. The new rate applies to all capital gains realized by corporations and trusts on or after June 25th, 2024, and on the portion of capital gains realized on or after June 25th, 2024 that exceed $250,000 for individuals.
Slated to open in 2027, RIMAP Hospitality has announced that it has broken ground on the Renaissance Marriott Ottawa—a 230-room hotel in downtown Ottawa situated at 395 Slater Street.
After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data.
The Hotel Association of Canada (HAC) has announced the appointment of Beth McMahon as its new president and CEO, effective September 16, 2024. An award-winning association leader, McMahon brings extensive experience to…
Opened in 2019 as the largest Residence Inn in the world, the 390-suite Residence Inn Calgary is a 33-storey property located in the Beltline District in downtown Calgary.