As stay-home orders gripped the globe and travel ground to a halt, buying and selling hotels became "effectively a frozen marketplace," according to a new analysis.
April saw eight US hotels sold for $2.5 million or greater, wrote Jim Costello, a senior vice president of Real Capital Analytics.
"We have never seen this level of illiquidity in the hotel market," Costello wrote.
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Thomas Phillips
Thomas Phillips is part of the social media team at ALM Media.
