Lodging Econometrics | December 17, 2015
Dec. 17, 2015 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports that Atlanta has had the most hotel sales of any U.S. market over the last three years. Atlanta logged 42 sales in 2013 with a reported selling price, 30 sales in 2014 and 25 sales through the third quarter of 2015. These 25 sales had an Average Selling Price Per Room (ASPR) of $74,446 and because Atlanta has a larger preponderance of mid-market hotels in its census mix, compared to many northern tier markets, it normally has a lower average selling price per room than the national average, said LE.
