The annually released “Hotel Transaction Almanac” showed a major 12% dip in investment price per hotel room. The lowest since 2013, the drop was a loss of $30,000 in sale price added to expected capital expenditures in a room. Analysts at STR, who released the report, say the low price has to do with the makeup of hotel assets sold and not hotel value. A smaller concentration in sales in the Top 25 Markets, which usually sell at higher prices, may also be a factor.

For the latest news, videos, and podcasts in the Hospitality Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!
Twitter – twitter.com/marketscale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale