FOR IMMEDIATE RELEASE
An HVS survey documenting U.S. hotel transactions in calendar year 2010 shows that major sales eclipsed levels in 2009, especially in the latter half of the year. Mid-market hotel transactions rose modestly.
“Nearly all of the data drawn from last year’s hotel transaction activity reflects a much stronger market than we saw in 2009,” said Amy Beam, HVS Director of Hotel Transactions. “Of special note is the number of transactions above the $249,000 price-per-room mark, which was more than five times that of 2009. This is a clear indication that buyers and sellers are coming to terms, and lenders are more confident in the long-term performance of high-price hotel assets. Four portfolio sales and one merger rounded out the year, another sign that the market for U.S. hotels is gaining strength after the recession.”
The HVS 2010 Survey of Major and Mid-Market U.S. Hotel Transactions details hotel sales of $10 million and above (major) and between $3.0 and $9.99 million (mid-market). The survey tracks hotel sales from 2008, 2009, and 2010 in detail, revealing market dynamics during and in the wake of the recent recession.
The HVS 2010 Survey of Major and Mid-Market U.S. Hotel Transactions includes an overview of hotel sales price trends since 1990, as well as details on the top sales, price-per-room trends, and the major buyers, sellers, portfolio sales, and mergers in 2010. The survey also features a listing of all major and mid-market hotel transactions confirmed by HVS for 2010, including asset name, location, number of rooms, month of sale, total sales price, price per key, and buyer and seller.
Please note that HVS serves as conduit for the data in the survey but does not assume responsibility or liability for data accuracy, usability, or confidentiality.