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.