Connect Centre | 56.3m | 16s | ONE Properties | DIALOG

What do you think of this project?

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You WANT it to be an ALT hotel but look at Marriott taking over the Universe with over a 50% market share, it HAS to be Marriott, which is not a bad thing……
 
Whatever the brand, no matter to me, it's more that we desperately need a series of modern offerings entering the market to push a few others to convert to apartments or reinvest.

A reminder that a few 'major events' have passed us by or will not come to this city until our hotel selection of 3.5-4*+ has improved.
 
The challenge is that our RevPAR (revenue per available room) is exceptionally low, under 100 if I recall correctly. Our ADR (Avg. Daily Rate) is also very weak and at a level that hoteliers have told me that it's is a spot too low to justify major investments and occupancy continues to fall to somewhere in the mid 50s.

It's a challenge given our market, lack of business travel and WEM drawing people west from potential Downtown properties to boost those numbers.
 
This is from April 2025 but here's RevPAR data from CBRE.
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I would not be surprised if Marriott has a lock-out clause vis-a-vis the ICE District, so I would suspect that a new hotel would have to be in one of the Marriott brands. Their existing product in ICE apparently does exceptionally well, so there is that.
 
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IanO said:
The challenge is that our RevPAR (revenue per available room) is exceptionally low, under 100 if I recall correctly. Our ADR (Avg. Daily Rate) is also very weak and at a level that hoteliers have told me that it's is a spot too low to justify major investments and occupancy continues to fall to somewhere in the mid 50s.

It's a challenge given our market, lack of business travel and WEM drawing people west from potential Downtown properties to boost those numbers.
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For one reason and one reason ONLY….Mountain Parks tourists…..without them…..they’d be on par with us…..
 
Winnipeg is the government as well as business/financial centre for Manitoba so they get a lot of travel for each.

I can't speak for the condition of their hotels, but here it mostly seems the same old, same old ones downtown for decades with the exception of the of the JW Marriott, so it is likely tired product here is part of the reason for this.
 
MakeYEGGreatAgain said:
^ Winnipeg RevPAR is 30% higher than Edmonton. I don't think tourists are lining up to visit Winnipeg. it's the product mix which in Edmonton is heavily tilted toward crap and many hotels that require a complete flip.
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RevPAR doesn't necessarily tell you what the product mix of hotel rooms in a city. RevPAR = Total Revenue / Number of Rooms It's possible that Winnipeg has fewer hotel rooms than Edmonton which results in Winnipeg having a higher RevPAR (have not researched). The ADR doesn't necessarily reveal the product mix of hotel rooms in a city either as ADR is influenced by the supply and demand for rooms and all the external factors that create a market for any given location.
 
^ Not only that but it doesn't account for the nature of specific needs... example re Edmonton: downtown with the ICE district and two major post-secondary campuses could define a different need than another part of the City. Economically speaking RevPAR is just one measurement out of a field of 22 and so by itself it is basically meaningless.
 
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