Alam Pirani
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Alam Pirani

Condo developers snapping up old hotels

Alam Pirani, executive managing director of Colliers Hotels, said the conversion of hotels to alternative use has become a national story. “We are not just talking about Toronto, it’s across the board. There are two hotels in Calgary, one sold for apartment the other for retail,” said ...

Ottawa’s growth tops Canadian hotel value survey

“The reason why Ottawa stands out - and has historically stood out - is because of the stability of the market,” said Alam Pirani, executive managing director of Colliers Hotels. He adds demand for local hotel rooms is increasing, thanks in large part to the reopening of the Ottawa ...

Chateau ownership under review

The hotel real estate business is fairly small in Canada, to the extent that Colliers International Hotels executive Alam Pirani joked he can hold most of its history in his head. Transaction volume nationally in 2009 was around $414 million, with 74 hotels sold at an average price of ...

Hotel Investment Transactions in Canada Experience Strong Annual Performance

“As Colliers Hotels previously forecasted, 2013 proved to be one of the strongest years for Canadian hotel investment in a decade,” says Alam Pirani, executive managing director with Colliers International Hotels. “In fact, in terms of absolute deal volume, 2013 ranks in the top three as ...

2012 Record Year for Hotel Transactions in Canada :: Hotel News Resource

“The pace and scale of transaction flow in 2012 provide a good indication of the direction the market is heading this year and beyond,” says Alam Pirani, Executive Managing Director with Colliers International Hotels. “Unlike the 2005-2007 era when deal volume surged mainly due to ...

Hotel Investors Optimistic About the Future of the Canadian ...

“The findings show that respondents believe the market is at the bottom of the cycle and are gearing up for an upturn,” says Alam Pirani, Executive Managing Director with Colliers International Hotels. “Investors are focusing on adding value to their assets through renovations and ...

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