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.

 

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.