A highly vulnerable sector, especially in turbulent economic times
The hospitality sector – made up of hotels, amusement parks, golf courses and more – is facing a number of challenges this year. Even with lifting of travel and physical distancing restrictions, it’s not expected to bounce back immediately. This sector will see movement dependent on when customers will feel safe to travel and how companies will deal with distancing protocols.
How can you take advantage of acquisition and development opportunities? With challenged growth and possibly higher operating costs, what are the inherent business challenges that you need to be prepared for?
Explore our experience and check out our latest research and insights. We can help.
Hotel property taxation
Expert advice, national experience, and cost management when you need it the most.
Signature Condo Collection & Toronto Marriott Markham
Project and loan monitoring, Cost estimating and pro formas, Development consulting
Bisha Hotel & Residences
Project and loan monitoring, Cost estimating and proformas, Development consulting
Why hotels owners should provide financial results to assessors
Mar 18, 2021
How the pandemic changed recommendations for 2021.
Lodging – Managing property taxes through a pandemic
Dec 22, 2020
Our experts discuss property tax mitigation strategies for the hotel and lodging asset class through the pandemic.
It’s an optimal time for converting hotel assets to multi-family
Jul 2, 2020
This is an optimal time for hotel owner-operators to determine if your properties are positioned to be winners in the marketplace that will emerge – or whether an alternative use for these assets, such as conversion to multi-family housing, might be a more financially rewarding option.
Challenging the traditional approach to project management
Dec 3, 2020
A new era of project managers is needed to adopt a more integrated approach and to address three key risks: scheduling, costs and claims.
CMHC’s Rapid Housing Initiative – Your questions answered (updated)
Nov 20, 2020
Ongoing answers to your questions about CMHC's Rapid Housing Initiative. This program was launched to address housing affordability and homelessness in Canada's most vulnerable communities.
Your portfolio during COVID-19: lower asset value opportunities
Apr 15, 2020
Looking for asset or portfolio opportunities beyond the coronavirus pandemic
Five points an investor should consider when buying income producing properties
Apr 18, 2017
The price paid for most income producing properties is directly related to their current and expected income flow. Verifying the current income flow and estimating the future income flow is a time consuming but important process. Typically, for larger properties, an estimate of cash flow over a 10 year period should be conducted.
How can I optimize the value of my property?
Apr 23, 2020
Property owners, property managers, and asset managers are faced with an endless number of decisions relating to the ongoing operation of real estate assets. Occasionally the question ‘What should I do with the property’ arises.
Video | Economic update: how low will things go and what will the recovery look like?
Apr 13, 2020
Peter Norman, Vice President & Chief Economist at Altus Group, discusses the economic outlook and what recovery might look like in Canada.
Q&A | property tax relief during COVID-19
Mar 27, 2020
Frequently asked questions and answers about property tax relief during and following the COVID-19 pandemic
Modular building construction: Has its time finally come?
Dec 9, 2020
Modular construction is something that forward-thinking governments, investors, manufacturers, developers and builders are looking at, but it is important that it be tempered with a clear understanding of advantages versus constraints, and a proper assessment of opportunities and how to mitigate the risk.
Entertainment, Recreation, Sports – Managing property taxes through a pandemic
Oct 19, 2020
Our experts discuss property tax mitigation strategies for properties in this asset class – a diverse range of facilities from sports arenas and clubs, to casinos and movie theatres, that have been the disproportionately affected by the pandemic.
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Set realistic budget and development scenario expectations and maintain them.
Reduce project risks and construction costs with sound procurement, contract and dispute resolution strategies.
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Understand the current state of your facilities and their maintenance practices so you can make asset and operation decisions.
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