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Hotel Sales Surged To Pre-Pandemic Levels Last Year, Reflecting Investor Confidence

As leisure travel made a comeback last year, deals for hotels worth $25M or more reached levels not seen since 2018. Total sales nearly quadrupled in 2021 compared to 2020, reaching $21.5B, Real Estate Alert reported. That number represents a 265% year-over-year increase, demonstrating investors’ confidence in the travel sector’s recovery and rising interest in deploying capital…
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Hyatt Place S.F. sells as hotel sales stay hot

More than half a billion dollars worth of S.F. hotels changed hands in 2021. We knew it was a hot year for California hotel flipping in2021, but the numbers out this week from Atlas Hospitality’s year-end hotel sales survey show just how unprecedented it really has been.Case in point: On Monday morning it was announced…
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California Hotels Saw ‘Unprecedented Sales Volume’ In 2021

As the hospitality industry continues to recover from the coronavirus pandemic, California hotels set new investment records in 2021. A 2021 year-end report from hotel brokerage Atlas Hospitality Group found individual hotel sales in the state surged 71% over the previous year to a record 510 transactions. Dollar volume for hotels also hit a record $9.9B, and a record number of…
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5 Things To Know for Feb. 7

Today’s Headlines: Frontier Airlines To Buy Spirit in $6.6 Billion Deal; Travel Industry Prepares for Endemic COVID-19; California Hotel Sales Break Multiple Records; Airfares Surge for Spring and Summer Travel; Future of Hotel Minibars Questioned in Age of Mobile Delivery https://www.costar.com/article/1421962403/5-things-to-know-for-feb-7 By Bryan Wroten | Hotel News Now February 7, 2022 | 7:23 AM Editor’s Note:…
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Large-Scale Sales Shatter California Hotel Transactions Records

Survey Reports 510 Deals That Total Nearly $10 Billion https://www.costar.com/article/1977010959/large-scale-sales-shatter-california-hotel-transactions-records By Bryan Wroten | Hotel News Now February 7, 2022 | 6:29 AM By every measure, 2021 was a record year for California hotel deals. The California Hotel Sales Survey 2021 Year-End reports there were 510 hotel deals for the year, up 71% compared to 2020…
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Hotel Sales, Post-Pandemic, Offer Economic Hope

https://www.connectcre.com/stories/hotel-sales-post-pandemic-offer-economic-hope/ California + San Diego + Hospitality | February 9, 2022 By: Jason Middleton The economic impact of the pandemic rippled through just about every economic sector, category and even household. Travel and hospitality, though, got walloped in 2020, and lingering bruising in 2021. The World Tourism and Travel Council expects a 6.2 percent jump from 2021’s overall tourism impact, globally. In the…
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