HVS International, a global hospitality and hotel services firm, recently announced the completion of the HVS 2006 U.S. Major Hotel Transactions Survey - an analysis of major hotel sales occurring in 2006. HVS defines a major hotel transaction as a sale that transferred at $10 million or greater, or a portfolio sale where the purchase price of the single hotel asset was allocated by a principal of the transaction at $10 million or greater.
This survey provides an ongoing history of hotel sales from 1990 to present, discusses the highest priced per room sales of 2006, identifies the year's top buyers and sellers, highlights the year’s major portfolio sales and mergers, and provides a listing of sales that have occurred in the 2006 calendar year by sales price and price per room.
Interesting points featured in the 2006 Major Transaction Survey includes:
- The trend of increasing sales activity continued in 2006 with roundly 76,000 rooms trading at a total volume of $15.5 million
- The ten largest sales by price per room reflected an average price per room of $874,000
- Of the sales tracked by HVS International, 17 had a price per room greater than $450,000
- The largest portfolio sale was Host Hotels and Resort’s acquisition of 33 hotels for $4.1 billion.
Information within The 2006 U.S. Major Hotel Transactions Survey was generated from the database, which was developed by HVS International to maintain hotel information, sales transactions, market studies, and company research pertaining to the hospitality industry. HVS is merely a conduit for the data within the survey. HVS does not assume responsibility or liability for the data accuracy, usability, confidentiality, or other matters related to this document.
HVS International is a full-service hospitality consultancy providing industry skill and knowledge worldwide. HVS International offers market and financial feasibility studies, valuations, strategic analyses, development planning, and litigation support. Additionally, HVS specialists provide unique knowledge in the areas of executive search, investment banking, brokerage, asset management and corporate and single property strategic planning, management contracts, environmental sustainability, timeshare consulting, food and beverage operations and restaurant appraisal, interior design, gaming, technology strategies, organizational assessments, operational management, strategy development, convention facilities consulting, marketing communications, property tax appeals and investment consulting. Since 1980, HVS International has provided hospitality services to more than 15,000 hotels throughout the world for virtually every major industry participant. Principals and associates of the firm have written textbooks and thousands of articles regarding all aspects of the hospitality industry, and literally “wrote the book” on how hotels should be valued.
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