According to analysts at Lodging Econometrics (LE), the Canadian hotel construction pipeline continued to expand at the close of Q2 2020 with 296 projects / 39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY).
Hotel news in Canada
AccorHotels has cleared all antitrust approvals in relevant jurisdictions, satisfying one of the closing conditions of the pending acquisition of Fairmont Raffles Hotels International.
Starwood Hotels & Resorts Worldwide, Inc. has announced it has reached an agreement with Easton’s Group of Hotels to open the second Element Hotel in the Greater Toronto Area and renovate Four Points by Sheraton Toronto Airport. The eight-story Element Toronto Airport will open in summer 2018 adjacent to the seven-story Four Points Toronto Airport, which will remain open throughout the US$4 millionrenovation.