In 2017, hotels recorded 827 transactions with selling prices into the public domain, according to analysts at Lodging Econometrics. The average selling price per room for the period was a reported $141,479, down from the peak of $154,230 set in 2015, but up 8.6 percent year-over-year.
Excluding mergers and acquisitions, the industry recorded $15.3 billion in purchases of hotel assets and property transfers in 2017, down substantially from the peak established in 2015 of $26.1 billion. REITs were the largest net investors for their portfolios with $4.2 billion in investments, followed by privately held equity funds with a volume of $4.1 billion.
