In 2024, deliveries of newly built hotels in Canada will be below the long-term average and about 50% down on the previous delivery peak in 2018. Elevated interest rates and difficult-to-come-by development financing still limit the number of hotels that break ground.
Two Iconic Brands To Enter Canada’s Hotel Landscape in 2024
Overall, Hotel Development Remains Constrained
By Laura Baxter
CoStar AnalyticsDecember 14, 2023 | 8:57 P.M.
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IN THIS ARTICLE
- Properties
- Nobu Hotel Toronto
33 Mercer St, Toronto, ON
- Hard Rock Hotel London, Ontario
100 Kellogg Ln, London, ON
- Hard Rock Hotel & Casino Ottawa
4837 Albion Rd, Ottawa, ON