NEW YORK CITY—As we enter 2015, US lodging fundamentals are the most robust I can recall during my 35 year career. Rarely has there been a time when the market was generally favorable to buy, sell, and develop hotels in the US.

(To download the full survey results, click here.)

Several new transaction records occurred this past year. The LW Hospitality Advisors 2014 Major US Hotel Sales Survey includes 153 single asset sale transactions over $10 million, none of which are part of a portfolio. These transactions totaled roughly $16 billion, and included approximately 45,000 hotel rooms with an average sale price per room of just over $350,000. While US hotel transaction activity has remained steady, per room pricing has increased dramatically. By comparison, the LWHA 2013 Major US Hotel Sales Survey identified 154 transactions totaling roughly $11 billion including 45,000 hotel rooms with an average sale price per room of nearly $243,000. Comparing 2014 with 2013, the number of trades has remained flat while both total dollar volume and sales price per room have increased an impressive 45%.

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Daniel Lesser

Daniel H. Lesser, President & CEO of LW Hospitality Advisors LLC (LWHA), brings more than 35 years of expertise in a wide range of hospitality operational, investment counseling, valuation, advisory, and transactional services. He provides services to corporate, institutional, and individual clients as well as public agencies on all facets of hospitality real estate including: litigation support and expert testimony, site evaluation, highest and best use analysis, appraisals for mortgage, acquisition, and portfolio management, workout strategies, operational analysis, development consulting, property tax assessment appeal evaluations, economic impact studies, fairness opinions, deal structuring, and negotiation of management and franchise agreements. Mr. Lesser had been retained in connection with a broad variety of lodging assets throughout the Americas, as well as in Europe, the Middle East and Asia.