
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, Tenn. — STR data for Sept. 27 through Oct. 3, 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry.
HENDERSONVILLE, Tenn. — STR data for Sept. 27 through Oct. 3, 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry.
In comparison with the week of Sept. 29 through Oct. 5, 2019, the industry reported the following:
Occupancy for previous weeks came in at 35.6 per cent (Sept. 26), 37.0 per cent (Sept. 19) and 39.8 per cent (Sept. 12), respectively.
For the week ending with 3 October, British Columbia (43.2 per cent) was the only province to reach or surpass a 40 per cent occupancy level.
Among the major markets, Vancouver saw the highest occupancy level (34.2 per cent).
The lowest occupancy among provinces was reported in Quebec (19.7 per cent). At the market level, the lowest occupancy was reported in Montreal (16.0 per cent).
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe.
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…