2023 hotel transactions in Western Canada, despite wildfires, reach $743M in Alberta and BC.

Western Canada's hotel sector is showing resilience despite increasing wildfires, with 2023 transactions reaching $390 million in Alberta and $353 million in British Columbia. While wildfires have disrupted tourism and occupancy patterns, investors remain optimistic about long-term market strength. Select-service hotels are currently the most popular among investors, while hotel associations are focusing on developing new tourist destinations outside fire-prone areas.

September 10, 2024
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