RE: reason for price increaseYes, I agree with you here. In fact, there is an interesting article in the March 30, 2010 Globe and Mail, entitled: "Visitors, Canadians spending more on Travel", by Tavia Grant. The by-line reads: "The fourth quarter marks the first increase in international visitors to Canada in two years".
If you cannot find it through a google search, then leave me your e-mail address in my "in-box" on this site, and I will e-mail the article to you. She says that tourism spending picked up helped by the first spending increase by international visitors in two years with tourism spending in Canada rising .4% in real terms in the 4th Q of 2009 (before the Olympics).
Also, I believe that the decision to go the "stapled-REIT" route has definitely attracted a lot of investors to Innvest because if you look at Royal Host's and Temple's unit trading, their Units have gone nowhere, in fact they have been trending down, yet Innvest's UNITS have moved up smartly hitting a recovery high yesterday (Mon. March 29, 2010) of $6.27 closing high and $6.27 trade high values. Let me know if you would like a copy of the article. In the meantime, I expect Innvest's UNITS to seesaw back and forth gradually moving forward after each mini-consolidation in price.
Also, as an aside, I should mention that Toronto will be hosting the huge G20 Summit which means that every hotel in the area from Pearson International to Downtown Bay Street will be booked up. The Pride Festival comes on also near that time and for the first time in several years, the Molson Indy returns to Toronto this Summer. The Indy is very well attended and will mean more business for hotels here, for sure. I also here that the Major League Soccer Championship will be held in Toronto also, this Summer. Toronto's diverse ethnic population will swarm to the venue and the Downtown is expected to benefit from the influx of soccer fanatics from the U.S., in which the league also plays.