Browsing Tag

hospitality

TORONTO – At Behind the Bend cafe, diners sitting by a fire pit nibble on charcuterie and enjoy vanilla bean ice cream served in pineapple boats, but the menu isn't the reason many flock to the Lambton Shores, Ont. spot.Customers…

Building

Carleton researchers release guide to enjoy safe outdoor dining

Building Aug 11, 2021

Researchers at Carleton University's Azrieli School of Architecture & Urbanism have a guide that proposes new ways to enjoy safe outdoor dining in Ottawa during and after pandemic restrictions. Titled Dinner in the Street: Dining…

Real Estate

With sales down 95 per cent, Montreal souvenir shop owners hope tourists return

Morgan Lowrie – THE CANADIAN PRESS May 25, 2021

MONTREAL – The shelves of Mohamed Ghodhbane's souvenir shop in Old Montreal are full of the kinds of merchandise found in tourist-friendly places the world over: T-shirts, shot glasses, key chains, snow globes and novelty licence…

Real Estate

‘Stronger’ commercial leasing environment emerged amid COVID: RioCan REIT CEO

Tara Deschamps – THE CANADIAN PRESS May 4, 2021

TORONTO – RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.The Toronto-based trust…

Real Estate

Caesars puts pandemic losses at $2B, wants insurers to pay

Ken Ritter – THE ASSOCIATED PRESS Mar 29, 2021

LAS VEGAS – Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business…

Real Estate

From restaurants to retailers, virus transformed economies

Paul Wiseman And Alexandra Olson – THE ASSOCIATED PRESS Dec 16, 2020

NEW YORK – It would be just a temporary precaution.When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon – as soon as New…

Real Estate

Stressed out working from home? Consider a hotel day pass

Nita Chhinzer, University of Guelph Dec 15, 2020

Could the Chateau Laurier be your new office? THE CANADIAN PRESS/Adrian Wyld J.K. Rowling famously wrote her Harry Potter series from local cafés and, eventually, out of a five-star hotel. She found that working from home had too many…

Real Estate

RioCan cuts payouts as COVID 19 challenges outlook for retail real estate

The Canadian Press Dec 4, 2020

TORONTO – RioCan Real Estate Investment Trust says it is cutting its payouts to unitholders by a third as the COVID-19 pandemic creates an uncertain future for shopping centres.RioCan, which counts Dollarama, Canadian Tire and Costco…

Construction

InterContinental Hotels Group breaks ground on first avid hotel in Canada

Building Oct 22, 2020

InterContinental Hotels Group (IHG) broke ground on its first Canadian property in Vaughan. The property is the latest international expansion for its avid hotels brand and is expected to open by spring 2022.Offering 119 rooms…

Real Estate

It’s an optimal time for converting hotel assets to multi-family

Qaiser Mian, Altus Group Jul 28, 2020

As COVID-19 reconfigures global markets, owners and operators of hotels in Canada are anxiously anticipating what the travel and tourism sector will look like in the months and years ahead.With only a small minority of this…

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