Hotel market shifting in favor of sellers, experts say

Hotel industry experts say both buyers and sellers have reason to be happy with the present real estate landscape, with sellers leveraging strong hotel fundamentals to raise property prices and buyers setting their sights on select-service hotels in secondary and tertiary markets. But landing deals in major markets is becoming more difficult as some owners there are waiting for their assets to fetch higher prices. Data released by STR Analytics show that the volume of hotel transactions year-over-year doubled to $4.4 billion, while the average size of deals reached $61.1 million and the total number of rooms sold declined by 18 percent. Read the story here

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