Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
February 8, 2018 1:35pm
February 8, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), in 2017 there were 827 hotel transactions where selling prices were reported into the public domain. The Average Selling Price Per Room (ASPR) for the period was a reported $141,479, down from the peak of $154,230 set in 2015, but up 8.6% Year-Over-Year (YOY).
There was $15.3B in purchases of hotel assets and property transfers in 2017, excluding M&A activity, down substantially from the peak established in 2015 of $26.1B. REITs were the largest net investors for their portfolios with $4.2B in investments, followed by privately held equity funds with a volume of $4.1B.
Tags: lodging econometrics,
average selling price per room
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: Emily Dennison
Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China
Hotel Capital Acquires The Tremont Chicago Hotel at Magnificent Mile and Mike Ditka’s Restaurant
Asia Pacific's Top Countries and Cities for Hotel Construction Excluding China
The Asia Pacific Hotel Construction Pipeline Excluding China Continues Double Digit Increases Year-Over-Year
Top Countries & Cities in the Middle East and Africa Hotel Construction Pipelines Are Saudi Arabia, UAE and Qatar
Marriott, Hilton and AccorHotels Lead Construction Pipeline in the Middle East and Africa
The Middle East and Africa Hotel Construction Pipelines Continue to Grow
U.S. Hotel Deal Pace Going Strong
Germany Leads Europe's Hotel Construction Pipeline; London Ranks as Top City
Europe's Hotel Construction Pipeline Is Healthy and Continues to Rise
Latin America's Hotel Construction Pipeline Is Stalling; Down 8% by Projects YOY
2.5% Growth Rate of New Hotel Openings Expected in 2018 and 2019 in the United States
Extended-Stay Hotels Account for 27% of All Projects Under Construction in the United States
43% of All U.S. Hotel Construction Projects Are Upper Midscale
Total Construction Pipeline in Canada Up 11% by Projects YOY
Avison Young Hospitality Group Discusses 2018 Hospitality Market Trends
Marriott Leads U.S. Construction Pipeline With 1,383 Projects Followed by Hilton and IHG
U.S. Markets With the Largest Construction Pipelines & Highest 2018 Growth Rates
The U.S. Construction Pipeline Showed Healthy Growth in the First Quarter
AccorHotels Acquires Mövenpick Hotels & Resorts for U.S. $567 Million
Please login or register to post a comment.