Topic: U.S. Hotel Transactions
U.S. hotels saw all types of acquisitions decrease 39.3 percent year over year, according to a CBRE report.
The sold hotels are a Courtyard by Marriott in Detroit, a Del Sol by La Quinta prototype in Madera, Calif., and a Best Western in Richmond, Ky.
Despite the uptick in sales, the question remains: Is 2018 the year to buy or sell? Look to your market for the answer.
A Gaw Capital-controlled fund is in talks to purchase the Standard for $340 million.
Congress will soon decide whether or not to the 1031 exchange provision, which allows sellers of commercial real estate to defer capital gains taxes.
The 652-guestroom property is located within the International Drive submarket.
Bryan Younge, managing director valuation and advisory services, discusses the volatility affecting hospitality and where he sees the market headed.