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Hotel recovery relies on impulsive staycationers

Following what’s characterized as the most difficult quarter yet recorded for Canadian hotel owners and operators, industry analysts are tracking the arduous climb back from the early April trough when the national occupancy rate bottomed out at 12 per cent. Colliers Hotels’ recently released INNvestment report now concludes the sector has moved from survival to recovery mode as it absorbs and responds to a 54.2 per cent year-over-year drop in revenue per available room (RevPAR) and a 46 per cent year-over-year slide in occupancy for the first half of 2020.


Headline News
»Converting hotels into multifamily apartments
»Face masks now mandatory in Toronto multi-res common areas
»Mass timber office tower T3 Bayside begins to rise
HVAC Maintenance: Keeping Tenants Safe & Comfortable

With the next heating season on approach, it’s critical to execute on your building’s mechanical system’s upgrade to make sure you’re providing tenants with fresh, filtered air, and a reliable supply of hot water before the cold hits. » READ MORE 

»Calgary East Village project set to top off
»Markham Centre Campus to begin ascent
»Thinking outside of the box

H&S Building Supplies Ltd. is one of Ontario's premier maintenance supply wholesalers. We specialize in the multi-unit residential space; providing quality products, competitive prices, on-time delivery, and product knowledge second to none. We exist to service & supply the property management industry.  »VISIT OUR WEBSITE

Investment deal resumption foreseen for Q3

Static cap rates reflect limited transactions in the second quarter of 2020, but commercial real estate analysts express confidence that asset values are holding under COVID-19-related pressures. »READ MORE

Ontario Electricity Rebate applied unevenly

Many condominium corporations and owners of multi-residential rental buildings can expect higher electricity costs this fall when hydro accounts specifically tied to the common areas of larger buildings lose eligibility for the Ontario Electricity Rebate (OER). »READ MORE

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