PORTSMOUTH, NH -- The lodging industry reached an estimated
total investment of 21.8B in 2013. This is the highest level since 2009 and is
expected to accelerate higher in 2014 and into late decade.
For 2013, 1,171 Hotels were sold or transferred, a decrease
of 19% Year-Over-Year (YOY).
Previously, Total
Transactions and Property Transfers had peaked at 3,218 Hotels/ 441,613 Rooms
in 2007, then precipitously fell to a bottom of 528 Hotels/ 60,804 Rooms in
2009, a decrease of 84% by Hotels.
After rebounding a bit in 2010 to 1,358 hotels, Transaction
volume has since been locked in a bottoming formation with little M&A
activity.
For a complete copy of the company’s news release, please
contact:
Jennifer McLynch
Marketing Communications Manager
Lodging Econometrics
P: +1 603.431.8740, ext. 16
F: +1 603.431.4418
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