Off to a Slow Start: U.S. Hotel Transactions at Lowest First-quarter Dollar Volume Since 2010
The U.S. hotel industry saw 800 transactions in the first quarter of 2024, according to data from CoStar. Higher interest rates continue to take a toll on transactions, with the estimated undisclosed dollar volume at roughly $4 billion—the lowest for a first quarter since 2010. When looking at disclosed dollar volume, transactions were at $3.4 billion. made up 20 percent of the quarterly transaction activity. The most notable deal was the sale of two thirds […]
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