Hotel Investment Tops $15 Billion
Hospitality transactions and
property transfers increased slightly in 2012 from the previous year, totaling $15.3
billion, according to Lodging
Econometrics’ Winter 2013 U.S. Transaction Trends Report.
Blackstone Group’s $1.9 million purchase
of the Studio 6 and Motel 6 portfolio from Accor Hotels accounts for 649 of the
1,342 hotels that changed ownership last year.
The average selling price per room in
2012 was $117,869, up nearly $14,000 from 2011.
Equity funds were the top hospitality
sellers last year, and one of the top buyers following real estate investment
trusts. Both sectors invested more dollars as hotel property buyers than they
procured as sellers.
Looking ahead, average daily rate, revenue
per available room, and total revenues are expected to rebound to pre-recession
levels by year-end.
the complete report (PDF).