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2017 a Bifurcated Year for Hotels

Sales transaction volume was down for the year compared to 2016, but the lodging sector set new records in key performance metrics.

By Paul Bubny | Updated on February 09, 2018

Exterior of resort hotel At $386.3 million, Commerz Real’s acquisition of the Alohilani Resort Waikiki Beach was 2017′s largest single-asset hotel transaction.

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.

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