Canada Is Eagerly Building Hotels

• Canada‘s construction pipeline has a total of 275 projects and 37,359 rooms, with Ontario and Toronto leading in projects and rooms.
• Jeff Vinik is selling his share in the company that developed Water Street in Tampa, Florida, to Cascade Investment Fund LLC.
• Q Group Hospitality is launching a new LGBTQ+ boutique hotel, Queen Las Vegas, in Las Vegas, Nevada, featuring themed rooms and a nightclub.

The DJIA jumped 408 points while Nasdaq was up 85, the S&P 500 rose 40 points, and the 10-year treasury yield was up .02 to 4.08%. Lodging stocks were modestly higher. According to the Canada Construction Pipeline Trend Report from Lodging Econometrics, the total construction pipeline in Canada at the close of the second quarter was 275 projects/37,359 rooms. Analysts at LE report that, at the […]