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Hotel Price Per Room Sales Down Surprising 12%

STR says the drop can be attributed to the shift from urban to suburban sales and to sales that were outside of the top 25 markets.

Hotel Yountville

BROOMFIELD, CO—A shift in the US hotel transaction mix led to a 12% drop in investment price per room in 2017, according to the Hotel Transaction Almanac 2018, released by STR in conjunction with Hotel Brokers International (HBI).

The hotel transactions tracked by STR totaled nearly $20.1 billion, but the average total investment per room declined more than $30,000 (to $240,000) from the record average established in 2016 ($272,000). This was the lowest total investment price per room since 2013.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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