A recent United States Transactions Trend Report from Lodging Econometrics (LE) has found that hotel transactions in 2015 hit an eight-year high. Last year, there were a reported 1,575 individual hotel and portfolio transactions (excluding merger & acquisition activity), compared to 1,491 in 2014. The 1,575 hotel transactions in 2015 are still 28 percent lower than the peak of 2007, which had 2,178 transactions.
According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. hotel construction pipeline ended 2015 with 4,413 projects/546,135 rooms. This is the highest year-end total since 2008, but still below the 2007 cyclical high of 5,438 projects/718,387 rooms.
There are 1,312 projects currently under construction, up 226 projects or 21 percent year-over-year (YOY). Projects scheduled to start in the next 12 months, at 1,926 projects, have shown significant increases, adding 575 projects and are up 43 percent YOY. Projects in early planning, with 1,175 projects, decreased by 33 projects and are down 3 percent YOY.
