Hotel Transactions Off to a Slow Start in First Quarter According to US Transactions Trend Report
May 9, 2016 9:48am
May 9, 2016 – PORTSMOUTH, NH - According to the most recent United States Transactions Trend Report from Lodging Econometrics, transaction activity is off to a slow start in 2016. In the first quarter there were 252 hotel transactions, the lowest transaction volume recorded since the third quarter of 2012.
There was no merger & acquisition activity reported in the first quarter. Only 42 of the hotels sold were part of portfolio transactions, the lowest total in four years. The remaining 210 hotels were single-asset transactions.
Tags: lodging econometrics,
united states transactions trend report
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Peter Martin
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