PORTSMOUTH, NH—2017 was something of a schizoid year for the hotel sector. On the one hand, by some measures—but not all—sales transaction volume was down; on the other, the average selling price per room (ASPR) was up. On one hand, the lodging industry established a new record for supply, but on the other hand it also had a record year for key performance metrics.

Lodging Econometrics said Thursday that based on 827 hotel transactions where selling prices were made public, the ASPR last year was $141,479. That's down from the peak of $154,230 set in 2015, but up 8.6% year over year, according to Portsmouth, NH-based LE.

Conversely, the LW Hospitality Advisors 2017 Major US Hotel Sales Survey of transactions valued at $10 million or more found that the ASPR was down 11% Y-O-Y from 2016, due to larger properties changing hands. Accordingly, the number of trades increased by approximately 5%, from 173 in '16 to 182 in '17, while total dollar volume rose roughly 7% to $13.6 billion, GlobeSt.com contributor Daniel Lesser wrote last month.