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US hotel market figures don’t tell whole story

Posted on 06 March 2013

Although the sales volume of U.S. hotels in January was up a headline-grabbing 87 percent over the previous January, the numbers don’t necessarily reflect overall investor interest in the market. The $1.6 billion in sales tracked by Real Capital Analytics represented several large transactions, including the sale of the Atlanta Marriott Marquis to the Abu Dhabi Investment Authority for $293 million, or $176,000 per key.
Still, the hotel industry is clearly attracting more interest from investors. “The U.S. lodging industry, in terms of profitability and demand, continues to improve,” says Mark Woodworth, president, PKF Hospitality Research, LLC, based in Atlanta………………………………………..Full Article: Source


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