Mid-Market Brands Led Hotel Sales Volume in 2017
February 12, 2018 3:04pm
February 12, 2018 – PORTSMOUTH, NH – According to the recent U.S. Transaction Trend Report from Lodging Econometrics (LE), major mid-market brands with a price reported into the public domain led the U.S. in hotel sales volume in 2017.
The Hilton brands with most hotel sales by price were Hilton Garden Inn with an Average Selling Price Per Room (ASPR) of $193,732 for 16 hotels, Homewood Suites with an ASPR of $189,342 for 13 hotels and Hampton Inn & Suites with an ASPR of $114,383 for 29 hotels.
The Marriott brands with the most hotels sold in 2017 were Residence Inn with an ASPR of $152,672 for 31 assets, Courtyard with an ASPR of $146,981 for 45 hotels, and Fairfield Inn with an ASPR of $113,751 for 17 hotels. For IHG, the top selling brands were Holiday Inn with an ASPR of $110,568 for 12 hotels and Holiday Inn Express at an ASPR of $88,121 for 34 hotels.
Including all chain scales and brands in their portfolio, Marriott had the most hotel sales in 2017 with 167 assets sold, followed by Hilton with 89 hotels and IHG with 67.
Tags: lodging econometrics,
average selling price per room,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Dennison
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