Dallas, Texas, September 7, 2010: Hotel transactions activity in the U.S. rose from 29 sales in the first half of 2009 to 73 in the first half of 2010, according to the HVS 2010 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions. The survey details confirmed hotel sales of $10 million and above (major) and hotel sales between $3.0 and $9.99 million (mid-market) that occurred in the first half of 2010.
A total of 9,521 hotel rooms traded hands in the major price category, totaling more than $1.6 billion in sales volume. In the mid-market price category, 3,116 rooms traded hands, totaling nearly $158 million in sales volume. These figures represent an increase in both total sales volume and rooms transacted for each category in the first six months of 2010 over 2009 levels.
“Given the improvements not only in the lending environment but also in market and hotel performance metrics, we expect transactions activity to continue to increase in 2010,” said Amy Beam, HVS Director of Hotel Transactions. “Luxury and upper-upscale hotels have noted marked gains in both occupancy and average rate in 2010 compared with last year, giving investors more confidence in the market for U.S. hotels.”
Highlights of the survey include:
• An overview of the hotel transactions market through June of 2010;
• An illustration of major and mid-market hotel transactions activity by month in the first half of 2010;
• A quarterly breakdown of transactions activity by price per room and total sales price;
• The five largest hotel transactions in each price category; and
• A listing of all confirmed hotel transactions as of July of 2010, including property name, location, buyer, seller, sale date, and selling price.
The HVS 2010 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions is now available for purchase online at http://www.hvs.com/Bookstore/#MHTSurvey at a price of $400. A copy will be e-mailed to you during normal business hours (Monday through Friday) after your payment has been approved. For more information regarding the survey, please contact Amy Beam at firstname.lastname@example.org.
Information within the HVS 2010 Mid-Year Survey of Major and Mid-Market U.S. Hotel Transactions was derived from HVS’ extensive database of sales transactions, as well as interviews and research to find and confirm hotel sales that occurred in the first half of 2010. HVS serves as conduit for the data but does not assume responsibility or liability for data accuracy, usability, confidentiality, or other matters related to the survey.
HVS is the world’s leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, HVS performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. We are client driven, entrepreneurial, and dedicated to providing the best advice and services in a timely and cost-efficient manner. Through a worldwide network of 30 offices staffed by 400 industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For more information on our expertise and services, please visit www.hvs.com.
HVS Director of Hotel Transactions