ATLANTA – August 3, 2017 – The Avison Young Hospitality Group announced today that during the past five years ending July 31, the firm has closed one hotel transaction every five days. The hotels closed consisted of mostly franchise brand families and were located in each of the U.S. regions, with over half being Hilton or Marriott branded assets.
“This cycle has been like no other,” said H. Keith Thompson, principal at Avison Young. “This up-cycle began in spring of 2010 and its duration is well beyond what most expected. We believe we are in the window of this cycle, but between new debt, maturing debt, public markets and new supply, we see the cycle softening soon.”