Colliers Q2 2026 Canadian Hotel Investment Report

Western Canada maintains momentum through the second quarter, accounting for nearly 70% of mid-year hotel investment volume.

Highlights:

• Q2 in Review: Approximately $432 million in hotel transactions closed during the
  second quarter, led by the River Rock Casino Resort, Sheraton Cavalier Calgary
  and Holiday Inn Express & Suites Downtown Ottawa East, which combined
  accounted for 40% of quarterly volume.
• Segment Mix Weighs on Average Price per Key: Year-to-date average price
  per key trended lower year-over-year to $163,000, reflecting a shift in transaction
  mix. Compared with the first half of 2025, limited-service volume increased 36%,
  while focused-service volume declined 43%.
• Constructive Market Conditions: Strong buyer conviction for high-performing
  assets, expanding liquidity from new investors entering the sector and a growing
  pool of active lenders continue to support a robust lodging investment market
  across a range of asset profiles and deal sizes.

Download the latest INNvestment Canada Hotel Report for preliminary transaction highlights and selected trades from the second quarter of 2026.