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Western hotel sales cool further in 2025 as upper-tier assets stay off the market

Colorado emerges as a bright spot with a pair of landmark deals

Roughly $771 million in hotel sales involving 92 properties traded in Western U.S. region markets in the first quarter of 2025, a slight decrease of 4% compared to the same period in the prior year and a staggering 60% decline in hotel sales activity compared to 2023.

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