HVS Reports the Total Number of Major and Mid-Market U.S. Hotel Transactions More Than Doubled in the First Half of 2010
Hotel transactions activity in the U.S. rose from 29 sales in the first half of 2009 to 73 in the first half of 2010, according to the HVS 2010 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions. The survey details confirmed hotel sales of $10 million and above (major) and hotel sales between $3.0 and $9.99 million (mid-market) that occurred in the first half of 2010.
“Given the improvements not only in the lending environment but also in market and hotel performance metrics, we expect transactions activity to continue to increase in 2010,” said Amy Beam, HVS Director of Hotel Transactions. “Luxury and upper-upscale hotels have noted marked gains in both occupancy and average rate in 2010 compared with last year, giving investors more confidence in the market for U.S. hotels.”
Highlights of the survey include:
- An overview of the hotel transactions market through June of 2010;
- An illustration of major and mid-market hotel transactions activity by month in the first half of 2010;
- A quarterly breakdown of transactions activity by price per room and total sales price;
- The five largest hotel transactions in each price category; and
- A listing of all confirmed hotel transactions as of July of 2010, including property name, location, buyer, seller, sale date, and selling price.
The HVS 2010 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions is now available for purchase online at at a price of $400. A copy will be e-mailed to you during normal business hours (Monday through Friday) after your payment has been approved. For more information regarding the survey, please contact Amy Beam at firstname.lastname@example.org.
Information within the HVS 2010 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions was derived from HVS’ extensive database of sales transactions, as well as interviews and research to find and confirm hotel sales that occurred in the first half of 2010. HVS serves as conduit for the data but does not assume responsibility or liability for data accuracy, usability, confidentiality, or other matters related to the survey.
HVS Director of Hotel Transactions
Phone: +1 214.629.9728
HVS is a leader in global hospitality financial consulting. Hotel owners, developers, investors, lenders, management companies, and public agencies around the world rely on HVS to make informed business decisions. HVS's commitment to excellence and unrivalled hospitality intelligence is delivered by more than 300 people in over 50 offices throughout the world who specialize in a wide range of hospitality assets including hotels, restaurants, casinos, shared ownership lodging, mixed-use developments, spas, and golf courses, as well as conventions, sports, and entertainment facilities. For more information about HVS visit https://hvs.com