Hotel Sale Prices Down in Q1, Expected to Rebound

    According to analysts at Lodging Econometrics (LE), through March of this year there were 186 hotel transactions where selling prices were reported into the public domain for an Average Selling Price Per Room (ASPR) of $148,918, a 7 percent decline over the record level set in 2015. LE additionally said that they expect both transaction volume and ASPR to return to their upward trend line pace later in the year.