Canada hotels record first occupancy decline in three months
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.
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
The Algonquin Resort has arguably been a fixture in St. Andrews by-the-Sea since its inception in 1889. The resort spans over 220 acres, and features iconic architecture, and modern amenities. In addition to the 233 guestrooms, the resort includes a 72-par award-winning golf course, over 20,000 sq. ft of flexible meeting/event space, 4 food & beverage outlets, a full-service spa, an indoor and outdoor pool, and a fitness centre.
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.
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.
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