Source: Hotel Management
By Alicia Hoisington
February 4, 2019
Last year was a record-breaking one for the United States hotel industry in terms of key performance metrics as well as supply and demand. Balanced with a growing economy thanks to low unemployment, inflation and tax reform, the industry ended the year with cautious optimism. While analysts have downgraded their performance forecasts for 2019 and 2020, they still expect healthy years overall.
And that means assets traded and will continue to exchange hands. 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 the LW Hospitality Advisors “2018 Major US Hotel Sales Survey,” which tracked 208 single-asset deals over $10 million, none of which were part of a portfolio.
