Just under $4.4 billion of hotel properties were sold in the fourth quarter, a drop of 33% from the same period in 2023. Higher interest rates as well as a wait-and-see approach by market participants prior to the November election likely impacted the results.
Hotel deals ended on mediocre note in fourth quarter
10 largest trades made up third of total sales amount
By Jan Freitag
CoStar Analytics
January 14, 2025 | 9:26 P.M.
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IN THIS ARTICLE
- Properties
- SpringHill Suites At Anaheim Resort
1801 Harbor Blvd, Anaheim, CA
- Residence Inn at Anaheim Resort / Convention
640 Katella Ave, Anaheim, CA
- Companies
- Reuben Brothers
Finance and Insurance