California Hotel Market is Hot

IRVINE, CA—The hotel sector made strides in the first half of the year, according to Atlas Hospitality Group, which recently completed its 2015 Mid-Year California Hotel Sales Survey.

State-wide highlights for the first six months of the year (over the same period in 2014) include:

• Record dollar volume of over $4.4 billion in sales, a 64% increase over last year.

• The median sales price-per-room increased 25%.

• Thirteen $100-million plus sales, versus four for the same period in 2014.

• Northern California increased 83% in total dollar volume, and Southern California was up 51%.

• The number of individual hotel sales actually declined 7%.

Highlights for some top markets: