An HVS survey documenting U.S. hotel transactions in the first six months of 2011 shows that the number of hotel sales eclipsed levels from the same period of 2010, with both the major and mid-market transactions categories experiencing a significant increase in activity. Average price per room for major transactions in the first half of 2011 rose $45,000, compared with the same period of 2010; however, the average price per room in the mid-market category decreased by nearly $6,000 in the comparative period, according to the HVS 2011 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions.
“The rise in hotel transactions is a sound indicator that investor confidence and the lending climate are continuing to recover from where they stood this time last year,” says Amy Beam, HVS director of hotel transactions. “The appearance of more assets on the market is also encouraging investors to capitalize on hotels selling for less than they would in typical market conditions. Hence, we’ve seen mid-market hotel sales volume nearly double as of mid-year 2011, as well as the vigorous acquisition of major assets versus a year ago.”
Survey Shows Surge in U.S. Hotel Transactions in 2011
More than $5.4 billion has traded hands in the first half of the year.
Survey Shows Surge in U.S. Hotel Transactions in 2011
More than $5.4 billion has traded hands in the first half of the year.
