Hotel Recovery Will Keep Going | globest.com
As we enter 2015, US lodging fundamentals are the most robust I can recall during my 35 year career. Rarely has there been a time when the market was generally favorable to buy, sell, and develop hotels in the US. Several new transaction records occurred this past year. The LW Hospitality Advisors 2014 Major US Hotel Sales Survey includes 153 single asset sale transactions over $10 million, none of which are part of a portfolio. These transactions totaled roughly $16 billion, and included approximately 45,000 hotel rooms with an average sale price per room of just over $350,000.
