Topic: New York Hotel Deals
U.S. hotels saw all types of acquisitions decrease 39.3 percent year over year, according to a CBRE report.
2018 saw some major deals totaling $18.3 billion and approximately 51,100 hotel rooms with an average sale price per room of $357,000, according to LWHA.
Major U.S. single-asset deals during the third quarter totaled approximately $6.4 billion with an average sale price of $419,000.
The deal is expected to close on June 25, following a long sequence of agreements that have fallen through over the years.