Mid-Market Brands Led Hotel Sales Volume in 2017
Portsmouth, NH, February 13, 2018-According to the recent U.S. Transaction Trend Report from Lodging Econometrics (LE), major mid-market hotel 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.