The survey includes 133 single asset sale transactions that totaled roughly $5.3 billion and included approximately 21,200 hotel rooms with an average sale price per room of $248,000.
Underscored by the strength of room rates, copious amounts of leisure patronage and rebounding group business, the pace of travel recovery has been robust.
Demand drivers are anticipated to change during the second half of this year as post Labor Day corporate travel should increase, and with schools reopening leisure travel will slow down.