Hotel sales in Atlanta slowed sharply in 2023 due to the U.S. Federal Reserve’s interest rate hikes and the adoption of tighter lending standards by many financial institutions. The decline in sales activity made price discovery more difficult, leading to some wide price gaps between buyers and sellers, which further constrained sales. As a result, the number of hotels traded in Atlanta fell from 129 in 2022 to 47 in 2023.
Hotel Prices Fall in Atlanta as Interest Rates Weigh on Sales
Sales Shifted to Economy and Midscale Hotels
By Daryl Cronk
CoStar Analytics
January 9, 2024 | 7:28 P.M.
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IN THIS ARTICLE
- Properties
- Atlanta Marriott Peachtree Corners
475 Technology Pky, Peachtree Corners, GA
- Courtland Grand Hotel, Trademark Collection
165 Courtland St, Atlanta, GA
- Home2 Suites by Hilton Alpharetta
12075 Morris Rd, Alpharetta, GA
- W Atlanta - Downtown
45 Ivan Allen Jr. Blvd, Atlanta, GA
- Courtyard Atlanta Kennesaw
540 Greers Chapel Dr, Kennesaw, GA