Daryl Cronk, Emmy Hise, Jan Freitag, and Colin Sherman
Daryl Cronk, Emmy Hise, Jan Freitag, and Colin Sherman are on the CoStar Hospitality Market Analytics Team.
Hotel Transaction Downtrend: Interest Rates Played Major Role in Soft 2023 U.S. Market
The “higher-for-longer” interest rate environment had a chilling impact on the U.S. hotel transaction market in 2023. After a strong 2022, only $22 billion in assets were traded between January and mid-December 2023. For...