In 2010, PKF Consulting introduced a comprehensive survey to a wide range of stakeholders in Canada, in order to gain a better understanding of their unique investment criteria and their level of investment in the accommodation industry across Canada. In late 2011, PKF Consulting issued a subsequent survey examining the current investment environment for 2011 and 2012. Private Investors, Hotel Chains, Hotel Management Companies, Owners/Operators, Developers and Real Estate Companies, as well as a combination of entities, provided detailed input to PKF.
The Survey was designed to capture Investor/Lender attitudes over the three most recent hotel investment cycles, as follows:
- 2000 through 2004 – Strong performance, impact of 9/11, SARS, and recovery;
- 2005 through 2008 – Industry peak;
- 2009 and 2010 – Economic and industry downturn; and
- 2011 – Early industry recovery
The results for both the 2010 and 2011 surveys are presented in this report.
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The Hotel Investor Survey solicited input from existing and potential investors in the hotel community throughout Canada including: institutional investors, private investors, owners/operators, developers and real estate companies. The survey addressed the profile of the hotel investors, the level of hotel development and acquisitions, capital re-investment in existing assets, financing sources and structure, government grants and subsidies, the approach to valuing hotel assets and the Investment Communities outlook on investments for 2012.
The Hotel Lender Survey solicited input on hotel lending in Canada from a sample of chartered banks, finance companies, government lending agencies and private funding sources. The areas addressed by the survey included the a profile of hotel lenders, the volume of loans to the hotel sector, factors or restrictions on lending to the sector, as well the approach to financing hotels. |
Complimentary copies of this survey report have been provided to all respondents. If you responded and have not received a copy, please contact Jessica Portelance at (416) 360-5000 ext. 11 or jessicaportelance@pkfcanada.com.
If you did not participate in the survey and are interested in obtaining a copy, the publication can be purchased for $500.00 + HST. To purchase this publication or other PKF publications, click here.
