PORTSMOUTH, NH, Mar. 12, 2013 --1,342 hotels having 183,300
rooms changed ownership in 2012 for an estimated total investment of $15.3
billion. 649 of the hotels, nearly 50% of the total, was the Blackstone Group's
purchase of the Motel 6 and Studio 6 portfolio from Accor Hotels
for $1.9 billion.
In 2012, there was a pronounced shortage of hotels available
for sale due to the heightened uncertainty created by the fiscal cliff crisis.
Year-over-year, Individual Transactions were down from 830
in 2011 to 582. Except for the Blackstone portfolio, other Portfolio
Transactions and Merger and Acquisition activity were down as well.
Overall, it was
another quiet year for Transactions considering so many other factors that
could have accelerated lodging investment were the most favorable in
years.
For a complete copy of the company's news release, please
contact:
Jennifer McLynch
Marketing Specialist
Lodging Econometrics
500 Market Street, Suite 13,
Portsmouth, NH 03801-3481 USA
P: +1 603.431.8740, ext. 16
F: +1 603.431.4418 |
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