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The Hotel Industry in Canada

Monique Rosszell , AACI, MRICS Managing Director – HVS Toronto Brian Flood, AACI, MRICS Vice President Valuation and Consulting CBRE Hotels Charles Suddaby , MRICS VP Hospitality & Gaming, Practice Leader Cushman Wakefield. The Hotel Industry in Canada. Monique Rosszell, AACI, MRICS

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The Hotel Industry in Canada

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  1. Monique Rosszell, AACI, MRICS Managing Director – HVS Toronto Brian Flood, AACI, MRICS Vice President Valuation and Consulting CBRE Hotels Charles Suddaby, MRICS VP Hospitality & Gaming, Practice Leader Cushman Wakefield The Hotel Industry in Canada

  2. Monique Rosszell, AACI, MRICS Managing Director – HVS Toronto

  3. Hotels: ~ 7,900 Rooms: ~439,000 1% 19% 3% 18% 15% 4% 32% 8%

  4. Supply Projections

  5. Historically supply growth has averaged 1.3% annually…

  6. The majority of the proposed rooms will be developed in Ontario in 2012 through 2015. Hotels: 73 Rooms: 10,650

  7. Resource markets will note the largest percentage increase in new rooms.

  8. Demand Projections…

  9. Hotel demand change is correlated to GDP change.

  10. Positive economic and hotel demand growth forecast in 2012 .

  11. In 2012 demand growth should outpace supply increases and result in occupancy gains…

  12. ADR patterns follow occupancy trends, except in 2011…

  13. Flat year for revenues in Canada in 2011, followed by modest growth in 2012… • Average rates in 2012 are still below the 2008 peak of $132.71. • RevPAR is still 5.0% lower than the 2008 peak, without adjusting for inflation.

  14. Major Cities Outlook

  15. Vancouver

  16. Vancouver…the city won gold in 2010!

  17. Calgary

  18. Calgary…as go oil prices so goes RevPAR.

  19. Toronto

  20. Toronto...soaking up the luxury!

  21. Montreal

  22. Montreal…ahead of peak!

  23. Halifax

  24. Halifax…poised for shipbuilding boom!

  25. New Brunswick

  26. New Brunswick...holding steady!

  27. Newfoundland

  28. Newfoundland....the sky is the limit!

  29. Prince Edward Island

  30. Prince Edward Island ...slowly but surely!

  31. 2011 RevPAR growth

  32. 2012 RevPAR Growth Forecasts

  33. Thank You! Monique Rosszell, AACI, MRICSManaging Director – HVS Toronto

  34. Hotel Case Study 3  year old Super 8 Motel located in tertiary market in Western Canada ±2.02-acre parcel of land two-storey, limited service, wood construction lodging facility containing 47 guestrooms, also contains ±800 square feet of meeting space, and a complimentary continental breakfast area off the lobby.

  35. Historical Income Statement

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