Industry Update
Press Release30 August 2019

U.S. Hotel Cap Rate Survey - First Half 2019

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PKF Hospitality Research

CBRE is pleased to present its semiannual North America Cap Rate Survey for H1 2019, which reveals cap rates and pricing trends for hotel property types in major markets across the U.S.


Luxury/Full Service Key Rates

Select-Service/Economy Key Rates

Cap rates, summary tables, analysis and maps for all property types in major markets across the U.S. and Canada are available in the full report.


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About CBRE Hotels

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at

Spencer Levy
Chairman, Americas Research & Senior Economic Advisor at CBRE
Phone: +1 617 9125236
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