The Globe and Mail reports in its Tuesday edition that Beijing's crackdown on foreign investments is deterring Chinese firms from making large purchases of Canadian hotels. The Globe's Rachelle Younglai writes that once a promising source of capital in the sector, Chinese entities are no longer major buyers. Colliers International Group says foreign purchases accounted for about 6 per cent of the total acquisitions in the Canadian hotel market last year. That was down from about 40 per cent in 2017, when Hong Kong-affiliated Leadon Investment paid $1.1-billion for a portfolio of Canadian hotels that included the Delta hotels in Calgary, Toronto and Victoria. Last year's activity was also significantly lower than in 2016, when foreign acquisitions accounted for 67 per cent of total sales activity. That year, Hong Kong's Bluesky Hotels and Resorts paid $2.1-billion for InnVest's suite of Canadian hotels. Colliers's Alam Pirani says: "On a larger scale, we have found that has really dried up. But I do think there is Chinese and other Asian capital that is looking at Canada. But those tend to be smaller investors." Since 2017 Chinese firms have not spent more than $100-million on Canadian commercial property.