Marriott Leads Upscale Hotel Sales

    Lodging Econometrics reports that in the first quarter of 2016 there were 15 Marriott-branded upscale hotel sales in the United States that had selling prices reported into the public domain. The average selling price per room (ASPR) for these Marriott-branded hotels was $178,131, while the ASPR for the remaining 17 transactions in the Upscale sector was $123,465.

    The 15 Marriott-branded upscale transactions are: Five Courtyards with an ASPR of $204,054; five SpringHill Suites with an ASPR of $192,891; and five Residence Inns with an ASPR of $133,029. The highest ASPR for a single transaction was $316,667 for the SpringHill Suites in downtown Seattle.