PORTSMOUTH, NH, June 3, 2011---For the sixth consecutive quarter, year-over-year (YoY) selling prices have accelerated. There were 110 transactions across all chain scales that reported a selling price in Q1 2011. The overall average selling price was at a record high of $125,946 per room. This is a 30% YoY increase from Q1 2010's $97,084 per room and a 14% increase over the 2010 year-end total of $110,827.
47% of the 110 transactions were in the top 25 markets, the highest percentage LE has ever recorded. 37% were in Upscale and higher chain scales. 21 hotels greater than 200 rooms, or 19% of the total, sold at a cyclical high average of $181,680 per room.
For a complete copy of the company’s news release and US Spring 2011 Transactions Trends Report, please contact:
Jennifer Robertson
Marketing Manager
Lodging Econometrics
500 Market Street, Suite 13
Portsmouth, NH 03801, USA
Ph: +1 603-431-8740 ext. 19
Fax: +1 603-431-4418
Lodging Econometrics 1065914
500 Market Street, Suite 13
Portsmouth New Hampshire 03801
United States
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