DOCSLIB.ORG

Canadian Hotel Investment Trends

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Canadian Hotel Investment Trends Q3.2013 CANADIAN HOTEL INVESTMENT TRENDS TRANSACTION REPORT • Average per room pricing is up 20% TRANSACTION ACTIVITY With the largest portfolio sale since over the same period last year, at approximately $130,000, influenced 2007 occurring in Q3, Canadian hotel by the Westin hotel portfolio. Excluding CE transaction volume surged to $1.7 billion NT RA the Westins, the price per room is L as of YTD Q3 2013, significantly surpassing % 5 9 5 down 13% over the same period last 3 T % S year-end volumes for the past five years. E year, at approximately $93,000. W The portfolio, comprised of five Westins, $1.7B • More than 50% of total transaction located in Vancouver, Calgary, Edmonton, TOTAL VOLUME EAST 6% volume occurred in Ontario, with Toronto and Ottawa, was acquired by the Greater Toronto Area alone Number of Trades: 78 Starwood Capital Group for a total of accounting for 38% of national Transaction Volume: $1.7B $765 million. Even without this portfolio, volume. Provincially, Alberta ranked hotel transaction volume is up more than Price Per Room: $130,000 second reporting 23% of total volume, 10% over the same period last year. followed by British Columbia at 16%. Some notable trends YTD Q3 include: • Institutions and Equity Funds were INTEREST RATES & • Q3 transaction volume reached the dominant buyer group at 48% FINANCIAL INDICATORS approximately $893 million, the of transaction volume (as a result of highest quarterly volume achieved the Westin portfolio sale), with Hotel Prime (Canada) 3.00% since Q4 2007, when quarterly Investment Companies the second Prime (U.S.) 3.25% volume topped $1.3 billion, as a result most active group representing 5 Yr Gov. Bond 1.70% of bcIMC’s acquisition of CHIP REIT’s just under a quarter of the volume. 10 Yr Gov. Bond 2.41% portfolio. Although only 3% of total volume came from Offshore buyers, they are a buyer LIBOR 3-month 0.25% • Of the 78 trades completed, ten group that is increasingly showing S&P/TSX Composite 13,372 exceeded $150,000 per room, two more interest in acquiring Canadian times the number this time last year. 2013 GDP Forecast 1.7% hotels, the most recent example being Despite the number of trades over this As of October 29, 2013 the purchase of the Super 8 Abbotsford Sources: Bloomberg, Bank of Canada, TMX, threshold, almost a third of all trades Confrence Board of Canada by a high net worth Korean investor for to-date this year were under $50,000 $12.1 million. CONTACT INFORMATION per room. BROKERAGE: CANADIAN QUARTERLY HOTEL TRANSACTION VOLUME Bill Stone 416.815.2371 Deborah Borotsik 416.815.2347 $800 Mark Sparrow 604.662.5192 $700 Luke Scheer 416.815.2313 $600 Greg Kwong 403.750.0514 $500 VALUATION & ADVISORY: $400 Brian Flood 416.874.7272 Kimberly Dickey 416.815.2348 MILLIONS ($) $300 Lisa Keogh 416.815.2326 $200 Karina Toome 416.847.3243 $100 Q3Q4Q1Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2009 2010 2011 2012 2013 Source: CBRE Hotels Canada CANADIAN HOTEL INVESTMENT TRENDS Q3.2013 Q3 CAP RATE TRENDS increased 1.9% while supply grew by just Regina. Despite economic declines last The national average cap rate for all 0.6%. ADR for YTD August 2013 rose by year, the City’s hotel market has remained commercial real estate asset types and 2.1%, pushing RevPAR growth to 3.5%. strong. According to PKF Consulting Inc, classes increased for the first time since According to STR, lead markets for RevPAR grew 8.1% in 2012 and improved Q2 2009, moving up 2 bps quarter over occupancy growth year over year included 6.1% in the trailing twelve month (“TTM”) quarter to 5.98%. Vancouver North (8.4%), Vancouver South period ending July 2013. Class AA and A Office cap rates held Area/Surrey (5.9%) and Edmonton (5.6%), In terms of supply, the St. John’s market is steady, however, upward shifts occurred while the strongest ADR growth was undergoing significant changes, including: for Class B Office in Calgary, Edmonton, reported by Alberta North (7.1%), Regina • The closure of the 127-room Battery Montreal and Halifax. (6.7%) and Victoria (6.6%). For RevPAR, Hotel & Conference Centre in 2012 the top growth occurred in Regina (11.5%), Hotel cap rates are largely unchanged from for conversion to a student residence Vancouver South Area/Surrey (10.1%) and Q2 2013 with the exception of Calgary. and conference and office space by Alberta North Area (9.3%). Regina and Cap rates in each of the three categories Memorial University; Alberta North continue to benefit from the are up 25 bps in Calgary over the previous • The opening of the 148-room Fairfield strength of the resource markets. quarter to closely match Vancouver and Inn & Suites in May 2013; Toronto. There is upward pressure on MARKET SPOTLIGHT - • Manga Hotels’ 129-room Hampton Calgary cap rates given concerns about ST. JOHN’S, NEWFOUNDLAND Inn on Stavanger Drive (near the supply growth and continued strength in After a drop in GDP in 2012, the St. John’s airport) will open in December 2013 operating performance. economy is expected to expand by 5.0% this and a 155-room Hilton Garden Inn on year according to the Conference Board of New Gower Street has been proposed HOTEL PERFORMANCE Canada, largely a result of recovery in the and would open in 2016. Smith Travel Research (“STR”) results offshore oil industry after 2012’s natural to August 2013 indicate national hotel • Southwest Properties and Newcastle production declines and scheduled offshore Hotels & Resorts have proposed a occupancy was 64.1% versus 63.2% for oil well maintenance. This GDP growth is the same period in 2012. Room demand 155-room Residence Inn on Water second to only Saskatoon, and tied with Street to be completed by 2015. Q3 2013 CAP RATE SURVEY Vancouver Calgary Edmonton Winnipeg SW Ontario Toronto Ottawa Montreal Halifax Downtown 6.50-7.50% 7.00-8.00% 8.00-9.00% 8.50-9.50% 6.75-7.75% 7.50-8.50% 7.75-8.75% 8.75-9.75% Full-Service 6.75-7.75% Suburban 7.50-8.50% 9.00-9.50% 9.50-10.50% 9.00-10.00% 8.00-9.00% 8.75-9.25% 9.50-10.50% 9.50-10.50% Limited-Service 7.75-8.75% HOTEL Focused 7.00-8.00% 8.00-9.00% 8.00-9.00% 8.00-9.50% 8.00-8.50% 8.00-9.00% 8.25-9.00% 8.25-9.50% Service 7.25-8.25% Downtown 4.50-5.00% 5.00-5.50% 5.25-5.75% N/A N/A 4.75-5.25% 5.00-5.75% 5.00-5.50% N/A Office (AA) Suburban 5.75-6.25% 5.75-6.25% 6.25-6.75% 7.00-7.50% 7.50-8.00% 6.00-6.75% 6.25-7.25% 7.00-7.50% Office (A) 6.50-7.50% Industrial (A) 5.50-6.00% 5.50-6.00% 5.50-6.00% 6.50-7.00% 6.75-7.50% 5.75-6.25% 6.00-6.25% 6.25-7.25% 6.50-7.00% Retail REAL ESTATE 5.00-5.50% 5.00-5.50% 5.00-5.50% 5.75-6.25% 6.75-7.25% 4.75-5.50% 5.00-6.00% 5.50-6.25% 5.50-6.00% (Regional) Apartment OTHER COMMERCIAL OTHER 3.50-4.00% 4.00-4.50% 4.50-5.00% N/A 4.50-5.25% 3.50-4.25% 4.25-4.75% 4.75-5.50% 5.25-5.75% High Rise (A) Source: CBRE Limited Note: decline from previous quarter; increase from previous quarter.; no arrow reflects no change from previous quarter. ~ 2 ~ CANADIAN HOTEL INVESTMENT TRENDS Q3.2013 TRANSACTION HIGHLIGHT Hootel ThT e Kingg Edwward HoH teel Rooomo s 301 TRANSACTION HIGHLIGHT: The King Edward Hotel VeV nddor Kingn Edwd ara d Realty Inc. Toronto, ON Purcr hah seer Ommni Hotels Corporation • Steele Hotels began construction on TRANSACTION HIGHLIGHT hotel, including the iconic Crystal Ballroom a 90-room hotel on Water Street at The King Edward Hotel is an historic and will provide management. The hotel, Buchanan Street, which is scheduled landmark in downtown Toronto, originally now known as The Omni King Edward to open in late 2014. built for $6 million by George Gooderham. Hotel, is the second Omni branded hotel in • A 200-room Sandman Signature hotel Since opening in 1903, the Hotel has Canada, the other being in Montreal, and has been proposed, near the new enjoyed a strong reputation as one of holds a CAA/AAA Four Diamond rating. Fairfield Inn & Suites. Toronto’s premier hotels. In addition to new hotel supply in the The 301-room hotel is well located on the market, the St. John’s Convention Centre is edge of Toronto’s financial core, within undergoing a $60 million expansion which walking distance of the City’s vibrant will double its current size to 100,000 entertainment and theatre districts. The SF. The Centre’s expansion will include a building’s third, fourth and fifth floors were direct link to the Delta St. John’s Hotel and recently renovated to luxury condominiums, is scheduled to open in January of 2016. and were not included in the offering. Further, the St. John’s International Airport is undergoing a $200-million expansion Omni Hotels Corporation acquired a and renovation to support the anticipated large minority position in the hotel joining growth in passengers to 1.9 million by a private ownership group.
Load more

Recommended publications
  • 55 208 40 74 39 $10.5B
    PORTFOLIO SUMMARY MORGUARD CORPORATION (TSX: MRC) As at September 30, 2019 Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX) under the symbol MRC. The Company and its subsidiaries, Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN), and Temple Hotels Inc. (TSX: TPH), own a diversified portfolio of 208 real estate properties across multiple asset classes including multi-suite residential, retail, office, industrial and hotel. Together, the properties are located in prime locations across North America. $10.5B 55 40 REAL ESTATE MULTI-SUITE RESIDENTIAL RETAIL PROPERTIES PROPERTIES PROPERTIES 208 74 39 TOTAL PROPERTIES OFFICE AND INDUSTRIAL HOTEL PROPERTIES PROPERTIES Page 1 / 5 MORGUARD CORPORATION PORTFOLIO SUMMARY As at September 30, 2019 MULTI-SUITE RESIDENTIAL PORTFOLIO Ownership Province/ Interest Total Ownership Property City State Ownership (%) Suites Suites CANADA Mayfair Village South Edmonton AB MRC 100 237 237 Square 104 Edmonton AB MRG 100 277 277 Margaret Place Kitchener ON MRG 100 472 472 Aspen Grove I Mississauga ON MRC 95 168 160 Aspen Grove II Mississauga ON MRC 95 168 160 Meadowvale Gardens Mississauga ON MRG 100 325 325 The Arista Mississauga ON MRG 100 458 458 The Elmwoods Mississauga ON MRG 100 321 321 The Forestwoods Mississauga ON MRG 97 300 291 The Maplewoods Mississauga ON MRG 97 300 291 The Valleywoods Mississauga ON MRG 98 373 366 Tomken Place Mississauga ON MRG 100 142 142 126 Sparks Ottawa ON MRC 100 36 36 160 Chapel Ottawa ON MRG 100 370 370 Downsview Park Townhomes Toronto ON MRG 100 60 60 Leaside Towers Toronto ON MRC 100 989 989 Rideau Towers I Toronto ON MRG 90 287 258 Rideau Towers II Toronto ON MRG 100 380 380 Rideau Towers III Toronto ON MRG 100 474 474 Rideau Towers IV Toronto ON MRG 100 400 400 Rouge Valley Residence Toronto ON MRG 100 396 396 The Bay Club Toronto ON MRC 100 293 293 The Heathview Toronto ON MRC 100 587 587 The Colonnade Toronto ON MRC 100 157 157 Condominium Suites Toronto ON MRC 100 4 4 SUBTOTAL 7,974 7,904 U.S.
    [Show full text]
  • Hilton Worldwide Franchising Lp Hilton Garden Inn By
    HILTON WORLDWIDE FRANCHISING LP HILTON GARDEN INN BY HILTON FRANCHISE DISCLOSURE DOCUMENT CANADA Version Date: June 28, 2019 {018316-003929 00274982.DOCX; 1} 2019 Canada HGI IMPORTANT NOTICE If you are entitled to receive this Disclosure Document under the laws of the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Ontario, or Prince Edward Island (“Disclosure Provinces”), then this Disclosure Document has been provided to you under the Alberta Franchises Act, the British Columbia Franchises Act, Manitoba’s The Franchises Act, the New Brunswick Franchises Act, the Ontario Arthur Wishart Act (Franchise Disclosure), 2000, or the Prince Edward Island Franchises Actor (the "Acts"), respectively, and we will observe the applicable waiting period after delivery of this Disclosure Document. The certificates of our officers that are required by various Disclosure Provinces are attached to this Disclosure Document after Article 29. If you reside in a province other than the Disclosure Provinces, or if you reside in a Disclosure Province but are subject to an exemption or exclusion under the Acts from the entitlement to receive a Disclosure Document, then we have provided this Disclosure Document to you for informational purposes only, and on a voluntary basis. The information in this Disclosure Document has been prepared pursuant to the laws of the Disclosure Provinces for distribution to prospective franchisees in those provinces who we are required to provide it to pursuant to the Acts. Accordingly, some of the information contained in the Disclosure Document is specific to prospective franchisees in one or more of the Disclosure Provinces only and, as a result, may not be correct for you or applicable to the operation of a franchise in your area.
    [Show full text]
  • 55 207 39 74 39 $10.6B
    PORTFOLIO SUMMARY MORGUARD CORPORATION (TSX: MRC) As at December 31, 2019 Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX) under the symbol MRC. The Company and its subsidiaries, Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN), and Temple Hotels Inc. (TSX: TPH), own a diversified portfolio of 207 real estate properties across multiple asset classes including multi-suite residential, retail, office, industrial and hotel. Together, the properties are located in prime locations across North America. $10.6B 55 39 REAL ESTATE MULTI-SUITE RESIDENTIAL RETAIL PROPERTIES PROPERTIES PROPERTIES 207 74 39 TOTAL PROPERTIES OFFICE AND INDUSTRIAL HOTEL PROPERTIES PROPERTIES Page 1 / 5 MORGUARD CORPORATION PORTFOLIO SUMMARY As at December 31, 2019 MULTI-SUITE RESIDENTIAL PORTFOLIO Ownership Province/ Interest Total Ownership Property City State Ownership (%) Suites Suites CANADA Mayfair Village South Edmonton AB MRC 100 237 237 Square 104 Edmonton AB MRG 100 277 277 Margaret Place Kitchener ON MRG 100 472 472 Aspen Grove I Mississauga ON MRC 95 168 160 Aspen Grove II Mississauga ON MRC 95 168 160 Meadowvale Gardens Mississauga ON MRG 100 325 325 The Arista Mississauga ON MRG 100 458 458 The Elmwoods Mississauga ON MRG 100 321 321 The Forestwoods Mississauga ON MRG 97 300 291 The Maplewoods Mississauga ON MRG 97 300 291 The Valleywoods Mississauga ON MRG 98 373 366 Tomken Place Mississauga ON MRG 100 142 142 126 Sparks Ottawa ON MRC 100 36 36 160 Chapel Ottawa ON MRG 100 370 370 Downsview Park Townhomes Toronto ON MRG 100 60 60 Leaside Towers Toronto ON MRC 100 989 989 Rideau Towers I Toronto ON MRG 90 287 258 Rideau Towers II Toronto ON MRG 100 380 380 Rideau Towers III Toronto ON MRG 100 474 474 Rideau Towers IV Toronto ON MRG 100 400 400 Rouge Valley Residence Toronto ON MRG 100 396 396 The Bay Club Toronto ON MRC 100 293 293 The Heathview Toronto ON MRC 100 587 587 The Colonnade Toronto ON MRC 100 157 157 Condominium Suites Toronto ON MRC 100 4 4 SUBTOTAL 7,974 7,904 U.S.
    [Show full text]
  • Morguard Corporation Annual Information Form for the Year Ended December 31, 2015
    Morguard Corporation Annual Information Form For the year ended December 31, 2015 Dated February 25, 2016 MORGUARD CORPORATION ANNUAL INFORMATION FORM DATED FEBRUARY 25, 2016 TABLE OF CONTENTS Page ITEM 1 CORPORATE STRUCTURE ......................................................................................... 3 ITEM 2 GENERAL DEVELOPMENT OF THE BUSINESS ........................................................ 4 ITEM 3 NARRATIVE DESCRIPTION OF THE BUSINESS ....................................................... 8 ITEM 4 DIVIDEND POLICY ...................................................................................................... 18 ITEM 5 DESCRIPTION OF CAPITAL STRUCTURE ............................................................... 18 ITEM 6 MARKET FOR SECURITIES ....................................................................................... 25 ITEM 7 DIRECTORS AND OFFICERS .................................................................................... 25 ITEM 8 LEGAL PROCEEDINGS AND REGULATORY ACTIONS .......................................... 27 ITEM 9 INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ........................................................................................................ 27 ITEM 10 TRANSFER AGENT AND REGISTRAR ..................................................................... .28 ITEM 11 MATERIAL CONTRACTS ........................................................................................... 28 ITEM 12 INTERESTS OF EXPERTS ........................................................................................
    [Show full text]
  • The 2015 Who’S Who Market Almanac Lication Mail Product Sales Agreement #40063470 #40063470 Agreement Mail Product Sales Lication
    THE MAGAZINE FOR HOTEL EXECUTIVES/OCTOBER~NOVEMBER 2015 $20 THE 2015 WHO’S WHO MARKET ALMANAC LICATION MAIL PRODUCT SALES AGREEMENT #40063470 #40063470 AGREEMENT MAIL PRODUCT SALES LICATION PLUS THE WHO OWNS WHAT? PULL-OUT POSTER A DETAILED CHART DELINEATING THE OWNERSHIP STRUCTURE OF CANADA’S HOTEL INDUSTRY CANADIAN PUB CANADIAN hoteliermagazine.com STAYING AGILE IS CRITICAL. FORTUNATELY, OPENING MORE THAN , NEW* HOTELS HAS KEPT US IN SHAPE. In the past six years, Hilton Worldwide has opened more than , new hotels around the world, bringing us to more than , hotels in countries today.* In Canada, we have hotels open from coast to coast with a growing pipeline of over signed projects. Impressive growth, made possible by our ability to adapt to the w o r l d ’ s i n c r e a s i n g l y c o m p l e x b u s i n e s s e n v i r o n m e n t s . A s a r e s u l t , w e ’ v e d e v e l o p e d a w e a l t h o f e x p e r i e n c e c r e a t i n g and operating the most award winning portfolio of hotels in the industry. Not a bad workout for a year old. For development opportunities in Canada, please contact Tom Lorenzo, Vice President and Managing Director of Development + , [email protected], andJeff Cury, Senior Director of Development + , [email protected].
    [Show full text]
  • CJ49918 MRC Cvr.Indd
    ONGOING EXPLORATION OF PROFITABLE ACQUISITIONS, AN EXPANDING PORTFOLIO OF DIVERSE ASSETS AND PRUDENT INVESTMENT MANAGEMENT HAVE ENABLED MORGUARD CORPORATION TO BE STRONGER TOGETHER. 2017 ANNUAL REPORT ON THE COVER ALTA AT K STATION CHICAGO, IL STRONGER TOGETHER True strength comes from an ability to consistently work together. At Morguard, we are constantly seeking ways to grow our investment portfolio, exploring a wide range of real estate acquisitions ASSET INVESTMENTS ACQUISITIONS MANAGEMENT with the potential to increase in value year over year. To achieve this, we work as a coordinated team, often in joint ventures, while applying a judicious investment strategy to derive JOINT VENTURES COMMUNITIES DEVELOPMENT the greatest value from our properties. At the same time, we invest in our properties, seeking ways to integrate them into local communities, helping ensure greater sustainability, providing LEASING TENANT SERVICES SUSTAINABILITY enhanced tenant services, and making ongoing capital improvements to further increase their value. FELLOW SHAREHOLDERS 2017 has proven to be another successful year for Morguard Corporation, and I am very pleased to share our strong financial performance in this year’s annual report with you, our fellow shareholders. In 2017, we undertook aggressive leasing activities, upgrades to our property portfolio, a variety of development and acquisition programs, and strengthened our capital base. Thinking back on the past year, I believe the reason for our success is threefold – a powerful combination of our: 1. diversified real estate portfolio of high-quality assets; 2. superior investment management and development expertise, aimed at creating value in the portfolio; and 3. ongoing approach to further expand the portfolio through acquisitions across North America.
    [Show full text]
  • 57 205 41 68 39 $9.4B
    PORTFOLIO SUMMARY MORGUARD CORPORATION (TSX: MRC) As at July 12, 2017 Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX) under the symbol MRC. The Company and its subsidiaries, Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN), and Temple Hotels Inc. (TSX: TPH), own a diversified portfolio of 205 real estate properties across multiple asset classes including multi-suite residential, retail, office, industrial and hotel. Together, the properties are located in prime locations across North America. $9.4B 57 41 REAL ESTATE MULTI-SUITE RESIDENTIAL RETAIL PROPERTIES PROPERTIES PROPERTIES 205 68 39 TOTAL PROPERTIES OFFICE AND INDUSTRIAL HOTEL PROPERTIES PROPERTIES Page 1 / 5 MORGUARD CORPORATION PORTFOLIO SUMMARY As at July 12, 2017 MULTI-SUITE RESIDENTIAL PORTFOLIO Ownership Province/ Interest Total Ownership Property City State Ownership (%) Suites Suites CANADA Mayfair Village South Edmonton AB MRC 100 237 237 Square 104 Edmonton AB MRG 100 277 277 Margaret Place Kitchener ON MRG 100 472 472 Aspen Grove I Mississauga ON MRC 95 168 160 Aspen Grove II Mississauga ON MRC 95 168 160 Meadowvale Gardens Mississauga ON MRG 100 325 325 The Arista Mississauga ON MRG 100 458 458 The Elmwoods Mississauga ON MRG 100 321 321 The Forestwoods Mississauga ON MRG 89 300 267 The Maplewoods Mississauga ON MRG 87 300 261 The Valleywoods Mississauga ON MRG 91 373 339 Tomken Place Mississauga ON MRG 100 142 142 126 Sparks Ottawa ON MRC 100 36 36 160 Chapel Ottawa ON MRG 100 370 370 Downsview Park Townhomes Toronto ON MRG 100 60 60 Leaside Towers Toronto ON MRC 100 989 989 Rideau Towers I Toronto ON MRG 90 287 258 Rideau Towers II Toronto ON MRG 100 380 380 Rideau Towers III Toronto ON MRG 100 474 474 Rideau Towers IV Toronto ON MRG 100 400 400 Rouge Valley Residence Toronto ON MRG 100 396 396 The Bay Club Toronto ON MRC 100 293 293 The Heathview Toronto ON MRC 100 587 587 The Colonnade Toronto ON MRC 100 157 157 Condominium Suites Toronto ON MRC 100 4 4 SUBTOTAL 7,974 7,823 U.S.
    [Show full text]
  • Temple Hotels
    +44 20 8123 2220 [email protected] Temple Hotels Inc - Strategy, SWOT and Corporate Finance Report https://marketpublishers.com/r/TCB3DCF8E46EN.html Date: July 2021 Pages: 32 Price: US$ 175.00 (Single User License) ID: TCB3DCF8E46EN Abstracts Temple Hotels Inc - Strategy, SWOT and Corporate Finance Report SUMMARY Temple Hotels Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360? view of the company. KEY HIGHLIGHTS Temple Hotels Inc (Temple Hotels), a subsidiary of Morguard Corp, operates as an open-ended real estate investment company, which invests and develops hotel properties in primary and secondary markets across Canada and the US. The company principally operates key hotels across Canada, located in Alberta, British Columbia, Saskatchewan, Ontario, Nova Scotia, Manitoba, and Northwest regions. Through its hotels, the company provides accommodation and dining services. It also provides amenities such as conference and banquet facilities, spa, Treatment rooms, fitness centers, and indoor and outdoor swimming pools. The company is managed and administered by Morguard Corporation. Temple Hotel is headquartered in Winnipeg, Manitoba, Canada SCOPE Detailed information on Temple Hotels Inc required for business and competitor intelligence needs Temple Hotels Inc - Strategy, SWOT and Corporate Finance Report +44 20 8123 2220 [email protected]
    [Show full text]
  • 58 210 41 73 38 $9.7B
    PORTFOLIO SUMMARY MORGUARD CORPORATION (TSX: MRC) As at March 31, 2018 Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX) under the symbol MRC. The Company and its subsidiaries, Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN), and Temple Hotels Inc. (TSX: TPH), own a diversified portfolio of 210 real estate properties across multiple asset classes including multi-suite residential, retail, office, industrial and hotel. Together, the properties are located in prime locations across North America. $9.7B 58 41 REAL ESTATE MULTI-SUITE RESIDENTIAL RETAIL PROPERTIES PROPERTIES PROPERTIES 210 73 38 TOTAL PROPERTIES OFFICE AND INDUSTRIAL HOTEL PROPERTIES PROPERTIES Page 1 / 5 MORGUARD CORPORATION PORTFOLIO SUMMARY As at March 31, 2018 MULTI-SUITE RESIDENTIAL PORTFOLIO Ownership Province/ Interest Total Ownership Property City State Ownership (%) Suites Suites CANADA Mayfair Village South Edmonton AB MRC 100 237 237 Square 104 Edmonton AB MRG 100 277 277 Margaret Place Kitchener ON MRG 100 472 472 Aspen Grove I Mississauga ON MRC 95 168 160 Aspen Grove II Mississauga ON MRC 95 168 160 Meadowvale Gardens Mississauga ON MRG 100 325 325 The Arista Mississauga ON MRG 100 458 458 The Elmwoods Mississauga ON MRG 100 321 321 The Forestwoods Mississauga ON MRG 89 300 267 The Maplewoods Mississauga ON MRG 87 300 261 The Valleywoods Mississauga ON MRG 91 373 339 Tomken Place Mississauga ON MRG 100 142 142 126 Sparks Ottawa ON MRC 100 36 36 160 Chapel Ottawa ON MRG 100 370 370 Downsview Park Townhomes Toronto ON MRG 100 60 60 Leaside Towers Toronto ON MRC 100 989 989 Rideau Towers I Toronto ON MRG 90 287 258 Rideau Towers II Toronto ON MRG 100 380 380 Rideau Towers III Toronto ON MRG 100 474 474 Rideau Towers IV Toronto ON MRG 100 400 400 Rouge Valley Residence Toronto ON MRG 100 396 396 The Bay Club Toronto ON MRC 100 293 293 The Heathview Toronto ON MRC 100 587 587 The Colonnade Toronto ON MRC 100 157 157 Condominium Suites Toronto ON MRC 100 4 4 SUBTOTAL 7,974 7,823 U.S.
    [Show full text]
  • Gazette Part I, December 28, 2018
    THIS ISSUE HAS NO PART III (REGULATIONS)/CE NUMÉRO NE CONTIENT PAS DE PARTIE III (RÈGLEMENTS)THE SASKATCHEWAN GAZETTE, 28 DÉCEMBRE 2018 2781 The Saskatchewan Gazette PUBLISHED WEEKLY BY AUTHORITY OF THE QUEEN’S PRINTER/PUBLIÉE CHAQUE SEMAINE SOUS L’AUTORITÉ DE L’IMPRIMEUR DE LA REINE PART I/PARTIE I Volume 114 REGINA, FRIDAY, DECEMBER 28, 2018/REGINA, VENDREDI 28 DÉCEMBRE 2018 No. 52/nº52 The staff of Publications Saskatchewan wishes you and your family a wonderful Holiday Season! ________________________ Le personnel de Publications Saskatchewan vous souhaite ainsi qu’à votre famille, un merveilleux temps de Fêtes! TABLE OF CONTENTS/TABLE DES MATIÈRES PART I/PARTIE I PROGRESS OF BILLS/RAPPORT SUR L’ÉTAT DES PROJETS DE LOI (Third Session, Twenty-Eighth Legislative Assembly/Troisième session, 28e Assemblée législative) ............................................. 2782 ACTS NOT YET PROCLAIMED/LOIS NON ENCORE PROCLAMÉES ..................................................................................... 2783 ACTS IN FORCE ON SPECIFIC DATES/LOIS EN VIGUEUR À DES DATES PRÉCISES ................................................... 2786 ACTS IN FORCE ON SPECIFIC EVENTS/LOIS ENTRANT EN VIGUEUR À DES OCCURRENCES PARTICULIÈRES..... 2787 ACTS PROCLAIMED/LOIS PROCLAMÉES (2018) ....................................................................................................................... 2787 ACTS PROCLAIMED/LOIS PROCLAMÉES (2019) ......................................................................................................................
    [Show full text]
  • Cbre Hotels Canada 2013 National Hotel Outlook Canadian Hotel Investment Activity Remained Strong in 2012 Amidst Macroeconomic Uncertainty
    CBRE HOTELS CANADA 2013 NATIONAL HOTEL OUTLOOK CANADIAN HOTEL INVESTMENT ACTIVITY REMAINED STRONG IN 2012 AMIDST MACROECONOMIC UNCERTAINTY STEADFAST FUNDAMENTALS: With Canadian hotel investment volume topping an Canada continues to attract global attention as a safe estimated $1.1 billion in 2012, there is no doubt hotels haven for investment; debt remains attractive and remain a highly attractive investment vehicle for a available; and, in most markets top line operating variety of owners, operators and developers confident performance has improved. Canada’s steadfast in Canada’s long term economic prospects. Volume fundamentals tempered the impact of global, in 2012 was slightly below the $1.2 billion transacted macroeconomic uncertainty, and were an important in 2011 and notably short of the frenzied merger and catalyst for strong hotel real estate activity that all acquisition activity in 2006/07 that averaged $3.8 indicators suggest, will continue in 2013. billion per annum, but it ranked within the top one-third of the busiest years since 1990, surpassing the average annual volume of $970.0 million recorded during this time. CANADIAN HOTEL TRANSACTION VOLUME $4,500 15.0% $4,000 10.0% G $3,500 DP RO 5.0% G WT AN H FORECAST DI % NA CA % $3,000 0 H T W % CHANGE O R $2,500 G -5.0% MILLIONS ($) R A P V E $2,000 R -10.0% $1,500 -15.0% $1,000 $500 2013 PROJECTION 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 F Sources: Conference Board of Canada; Smith Travel Research, CBRE Hotels 1 CBRE HOTELS CANADA 2013 NATIONAL HOTEL OUTLOOK CONTROLLED, STRATEGIC EXIT PLANS Early predictions for 2012 optimistically pegged hotel with fundamentals improving in most sectors despite transaction activity to reach a considerably higher heightened concerns surrounding debt and austerity level than was actually achieved, particularly given first issues in Europe and the well-known fiscal challenges quarter volume of $384.4 million was almost three times in the United States.
    [Show full text]
  • Morguard Corporation Annual Information Form for the Year Ended December 31, 2016
    Morguard Corporation Annual Information Form For the year ended December 31, 2016 Dated February 23, 2017 MORGUARD CORPORATION ANNUAL INFORMATION FORM DATED FEBRUARY 23, 2017 TABLE OF CONTENTS Page ITEM 1 CORPORATE STRUCTURE ......................................................................................... 1 ITEM 2 GENERAL DEVELOPMENT OF THE BUSINESS ........................................................ 2 ITEM 3 NARRATIVE DESCRIPTION OF THE BUSINESS ....................................................... 6 ITEM 4 DIVIDEND POLICY ...................................................................................................... 15 ITEM 5 DESCRIPTION OF CAPITAL STRUCTURE ............................................................... 15 ITEM 6 MARKET FOR SECURITIES ....................................................................................... 21 ITEM 7 DIRECTORS AND OFFICERS .................................................................................... 22 ITEM 8 LEGAL PROCEEDINGS AND REGULATORY ACTIONS .......................................... 24 ITEM 9 INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ........................................................................................................ 24 ITEM 10 TRANSFER AGENT AND REGISTRAR ..................................................................... .24 ITEM 11 MATERIAL CONTRACTS ........................................................................................... 24 ITEM 12 INTERESTS OF EXPERTS ........................................................................................
    [Show full text]