
InnVest Hotels acquires The Algonquin Resort St. Andrews by‑the‑Sea, Autograph Collection and The Algonquin Golf Course
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
HENDERSONVILLE, Tennessee—STR data for October 25-31l, 2020 showed slightly lower occupancy from prior weeks for Canada’s hotel industry.
HENDERSONVILLE, Tenn. — STR data for Oct. 25-31, 2020 showed slightly lower occupancy from prior weeks for Canada’s hotel industry.
Oct. 25-31, 2020 (percentage change from comparable week in 2019):
• Occupancy: 29.2 per cent (-49.8 per cent)
• Average daily rate (ADR): C$109.77 (-25.9 per cent)
• Revenue per available room (RevPAR): C$32.10 (-62.8 per cent)
Occupancy for previous weeks came in at 31.1 per cent (Oct. 24), 29.9 per cent (Oct. 17), and 32.2 per cent (Oct. 10), respectively.
For the week ending with Oct. 31, British Columbia recorded the highest occupancy level (35.6 per cent) among the provinces.
Vancouver (33.0 per cent) was the only major market at or above a 30% occupancy level.
The lowest occupancy among provinces was reported in Quebec (16.5 per cent). At the market level, the lowest occupancy was reported in Montreal (13.8 per cent).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
The new owners of the famed Windermere House hotel and resort on Muskoka’s Lake Rosseau intend to revitalize the building and its amenities while preserving the property’s historical integrity.
Proactive Hospitality has acquired the Coast Osoyoos Beach Hotel, B.C. CFO Capital arranged acquisition financing for the deal.
Tribute Portfolio – part of Marriott Bonvoy's extraordinary portfolio of 31 hotel brands – continues to grow its global family of characterful hotels with Honeyrose Hotel Montreal, a Tribute Portfolio Hotel, the brand's…