The “higher-for-longer” interest rate environment had a chilling impact on the U.S. hotel transaction market in 2023. After a strong 2022, only $22 billion in assets were traded between January and mid-December 2023. For comparison, the last time sales were under $30 billion was in 2013. While total transaction volume was down year over year, significant sales were made in key markets across the United States, according to CoStar data. The top-performing market in terms […]

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