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
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