Hotel Sales Volume Declines, Average Price Per Room Increases

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.

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