Fairmont Grand del Mar

Hotel Sales Flat, Values Way Up

The San Diego Union-Tribune
02/29/16

Hotel Sales Flat, Values Way Up
By Lori Weisberg

http://www.sandiegouniontribune.com/news/2016/feb/29/hotel-sales-down-california-values-rising/

 

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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