Atlanta Leads All U.S. Markets in Transaction Volume
December 17, 2015 11:11am
Dec. 17, 2015 - PORTSMOUTH, NH - Lodging Econometrics (LE) reports that Atlanta has had the most hotel sales of any U.S. market over the last three years. Atlanta logged 42 sales in 2013 with a reported selling price, 30 sales in 2014 and 25 sales through the third quarter of 2015. These 25 sales had an Average Selling Price Per Room (ASPR) of $74,446 and because Atlanta has a larger preponderance of mid-market hotels in its census mix, compared to many northern tier markets, it normally has a lower average selling price per room than the national average, said LE.
Tags: lodging econometrics,
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Peter Martin
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