Hotel Sales Flat, Values Way Up

Hotel Sales Flat, Values Way Up

The San Diego Union-Tribune

Hotel Sales Flat, Values Way Up
By Lori Weisberg


The pace of hotel acquisitions last year may have slowed statewide, but the prices investors were willing to pay for established properties rose significantly, contributing to a record $9.5 billion in sales in California.

The rising value of lodging real estate was especially evident in Southern California, which saw the number of hotel transactions drop by 9 percent compared to 2014 at the same time that the sales volume — $5.4 billion — soared by 69 percent, reported Atlas Hospitality Group, an Orange County-based brokerage that tracks hotel transactions throughout California…



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