U.S. Q1 hotel transactions reach 320

There were 320 reported hotel sales in the first quarter of 2015, according to Lodging Econometrics. This represents an 85-percent increase compared to the 173 hotel transactions with a recorded selling price that occurred in the first quarter of 2014.

The average sales price per room for hotel transactions that reported a selling price in the first quarter was $188,341 – up 23% compared to 2014's average of $153,374. The average selling price per room for hotels in a downtown location was $381,634, up 51 percent.

San Diego tallied 11 transactions with a reported selling price in the first quarter of 2015 to lead all markets while Tampa recorded 10 hotel sales. San Diego hotels had an average size of 168 rooms and an average selling price per room of $168,980. The average size of Tampa hotels sold in the first quarter was 159 with an average price per room of $158,340.

 

Suggested Articles

The holding company believes MGM's online gaming business will grow—but was also drawn to the entertainment giant's hospitality sector.

The REIT said that it does not expect to see a meaningful increase in demand for its portfolio until there are COVID-19 medical solutions in place.

The LW Hospitality Advisors "Q2 2020 Select Major U.S. Hotel Sales Survey" highlights six transactions across the country.