Large Transactions in Western Canada Elevated First Quarter Hotel Investment Volume to Approximately $500 Million.
Highlights:
- Hotel investment volume increased 3% year-over- year with Western Canada accounting for a significant 73% share of national volume. Notably, this growth was achieved against a strong Q1 2025 comparison – underscoring continued momentum in the market.
- Market activity was led by several major transactions in British Columbia, including the sale of the Versante Hotel in Vancouver’s airport submarket and four sizeable sales in Victoria, including the Hotel Grand Pacific on the Inner Harbour.
- Despite strong investor demand, limited asset availability in Ontario, historically the country’s most active market, reduced the province’s share of national activity to just 15%.
- Investment activity in the lodging sector continues to be supported by ample capital availability and strong operating fundamentals, with national RevPAR posting notable year-over-year growth through Q1 2026.
Download the latest INNvestment Canada Hotel Report for preliminary transaction highlights.
