average selling price per room
Mid-Market Brands Led Hotel Sales Volume in 2017
Lodging Econometrics | February 12, 2018
February 12, 2018 – PORTSMOUTH, NH – According to the recent U.S. Transaction Trend Report from Lodging Econometrics (LE), major mid-market brands with a price reported into the public domain led the U.S. in hotel sales volume in 2017. The Hilton brands with most hotel sales by price were Hilton Garden Inn with an Average Selling Price Per Room (ASPR) of $193,732 for 16 hotels, Homewood Suites with an ASPR of $189,342 for 13 hotels and Hampton Inn & Suites with an ASPR of $114,383 for 29 hotels. The Marriott brands with the most hotels sold in 2017 were Residence Inn with an ASPR of $152,672 for 31 assets, Courtyard with...
Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
Lodging Econometrics | February 8, 2018
February 8, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), in 2017 there were 827 hotel transactions where selling prices were reported into the public domain. The Average Selling Price Per Room (ASPR) for the period was a reported $141,479, down from the peak of $154,230 set in 2015, but up 8.6% Year-Over-Year (YOY). There was $15.3B in purchases of hotel assets and property transfers in 2017, excluding M&A activity, down substantially from the peak established in 2015 of $26.1B. REITs were the largest net investors for their portfolios with $4.2B in investments, followed by privately held e...
US Hotels Selling at Record Highs with Average Selling Price Per Room (ASPR) of $165,303
Lodging Econometrics | December 1, 2015
Dec. 1, 2015 - PORTSMOUTH, NH - According to a recent United States Transactions Trend Report from Lodging Econometrics, through September there were 827 hotel sales with reported selling prices with an Average Selling Price Per Room (ASPR) of $165,303, an all-time high. The ASPR is 11% higher than the $148,658 recorded for year-end 2014. The 2015 ASPR is strongly influenced by five transactions that have sold for more than $1,000,000 per room: in New York City the Baccarat at $2.0 million and the Waldorf Astoria at $1.4 million per room; in California the Malibu Beach Inn at $1.7 million per room and the Montage at Laguna Beach and the...
