Lodging Econometrics | November 25, 2015
Nov. 25, 2015 – PORTSMOUTH, NH – Through Q3 2015, the research and analysis department at Lodging Econometrics has tracked the sale of 227 Upscale hotel sales with a reported selling price in the United States and found that Marriott branded properties accounts for 49% of them. Under the Marriott umbrella there were 51 Residence Inns sold, 44 Courtyards and 17 Springhill Suites. Residence Inns had the highest Average Selling Price Per Room (ASPR) of Marriott’s Upscale brands at $148,738, compared to an overall Upscale ASPR of $137,583.
