Sales volume in Florida during the first nine months of 2024 closely tracks the previous year, at 72% compared to the full year 2023. However, two trades accounted for 50% of total sales, indicating that activity has been muted in 2024 as the continued high cost of debt maintains widened bid-ask spreads.
Florida hotel sales slow but transaction volume remains strong
Two trades make up 50% of sales volume year to date
CoStar Analytics
October 10, 2024 | 7:59 P.M.
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IN THIS ARTICLE
- Properties
- Hyatt Regency Orlando
9801 International Dr, Orlando, FL
- The Ritz-Carlton Key Biscayne, Miami
455 Grand Bay Dr, Key Biscayne, FL