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
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
Avison Young Hospitality Group Releases Timely Video Discussing Q2 Hospitality Trends
Avison Young Hospitality Group First Quarter Review
Maxim Hotel Brokerage Announces Several California, Nevada, Arizona and Portfolio Hotel Closings
Australia Gives Go Ahead for AccorHotels Acquisition of Mantra Group
North America Tops Global Construction Pipeline With 6,226 Projects Followed by Asia Pacific and EMEA
7% Year-Over-Year Growth in the Global Construction Pipeline With 12,631 Projects in Total Pipeline
Growth Remains Steady for China’s Construction Pipeline With Projects Up 6% YOY
Asia Pacific Pipeline Excluding China Is Booming With Projects Up 13% YOY
Europe Hotel Construction Pipeline Booming With 22% YOY Growth and Middle East Pipeline Up With 11% YOY Growth
Hotel Transactions in India: What Will Move the Needle?
Latin America's Construction Pipeline Stalling With Pojects Down 5% YOY
Projects in Canada's Construction Pipeline Up 17% YOY
Mid-Market Brands Led Hotel Sales Volume in 2017
Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402
Please login or register to post a comment.