Hotel prices rebound as performance metrics improve

03/21/2013 | Hotel Management online

Diminished supply growth and improving hotel fundamentals in several lodging markets are helping to push pricing closer to peak levels recorded in 2006. "On a national basis, the average transactions price per room for single-asset trades peaked in 2006 at $227,000. Average pricing decreased to $137,000 in 2009, and has since rebounded by over 30% to reach $179,000 per room in the U.S. in 2012," said Tony Muscio, a senior vice president at Jones Lang LaSalle's Hotels & Hospitality Group. Hotel transactions volume is expected to rise as buyers continue to be drawn by the lodging industry's growth.

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