Source: Hotel News Now
By Hannah Smith
February 20, 2019
The hotel industry’s transactions pace accelerated in 2018. STR tracked 507 individual hotel transactions and 39 portfolio sales in 2018 to produce the Hotel Transaction Almanac, a comprehensive annual report which details hotel asset trades over the past year in the U.S. and is to be released in the coming days. (STR is parent company of Hotel News Now.)
Among highlights, the report notes that transactions activity in 2018 surpassed all other years in the current cycle, upscale hotels led the way in sales, and the most properties were transacted in Washington, D.C.