Tim's Tips

Optimizing Your Investment is My Priority

We are launching the Tim’s Tips newsletter to provide clients with the latest hotel and motel industry commercial real estate news. It will keep subscribers up-to-date about the Hotel Industry in Calgary and area.

April 2, 2019

Direct From Tim’s Tablet

I will periodically share tips about recent hotel and motel news for Alberta. Please check my website for updates throughout the year!

Hot Market

Canmore continues to be the hottest market in Alberta with few properties available for sale. A recent 1.7 Acre land sale valued at $3 million did not complete.

The five acre Rundle Cabins property sold for $5 million last fall
The Pocaterra Best Western sold to major group Caribou Properties, Banff
The 99 room Holiday Inn sold for around $18 million

Calgary Market

In Calgary, with occupancy hovering around 61%, hoteliers are facing obvious challenges. Downtown Calgary and Edmonton are faring reasonably well. Some airport properties are maintaining their fair market share.

We note that hotels north of the Calgary Airport are busy. Properties south of the airport have had to change their marketing strategies because there is no immediate access from the airport to Barlow Trail.

Next Edition

In a future edition I’ll talk about smaller centres and rural markets. I’ll also include revealing information about Steady Eddie Manitoba!

Tim Anderson
Chair—Hotel and Motel Sales Group, Calgary
Associate—Royal LEPAGE Solutions - Commercial
Principal—QUAD.5555 Inc.

Tim Anderson has built an extensive network of resources necessary to provide high level commercial real estate services to his clients. He has been in the business for more than 30 years.

Learn more