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.
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