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Hotel transactions down in 2007.(News for Appraisal Professionals)
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Valuation Insights & Perspectives
- Article date:
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January 1, 2008
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Copyright informationCOPYRIGHT 2008 The Appraisal Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Last year represented a year of contrasts in the hospitality industry," said Amy Beam, director of hotel transactions for HVS. Such contrasts are evident in the company's newly released Preliminary 2007 Survey of Major U.S. Hotel Transactions, which lists and analyzes major hotel sales occurring in the 2007 calendar year. The survey presents a listing of 215 confirmed sales.
"We forecast approximately 225 major sales will be recorded in 2007," Beam added, "representing a 10 percent decline in number of transactions from 2006. The average price per room is estimated to be $200,000 for a major transaction, roughly 2 percent less than the 2006 average. These major ...
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Hotel sales Soar.(LODGING Today: NEWS & TRENDS THAT SHAPE THE INDUSTRY)
Lodging Hospitality;
September 1, 2006 ;
117 words
...The volume of U.S. hotel transactions through June set a record at $21.8 billion, surpassing the...30 billion or more. Globally, the volume of full-service hotel sales is set to exceed $60 billion, a 33-percent increase over last...
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Hotel sales weaken in OC, Southland in first quarter
Orange County Business Journal;
May 21, 2001 ;
Anonymous;
265 words
......and a slowing economy, first-quarter hotel sales dropped throughout the Southern California...California had an 18% drop in large hotel sales (those for more than $5 million) in...Northern California, however, saw its large hotel sales drop 54%. While there are a lot of hotels...
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Hotel sales are still surging.
Press-Enterprise (Riverside, CA);
April 6, 2005 ;
491 words
......investment areas right now. Hotel sales have jumped 54.5 percent...total of $2.2 billion in hotel transactions changed hands last year...the largest increases in hotel sales including a 720 percent...end in sight to booming hotel sales, Reay said. The two ...
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OC hotel sales remain flat in third quarter
Orange County Business Journal;
November 27, 2000 ;
Anonymous;
220 words
......largest 50 hotels, third-quarter hotel sales were up slightly compared to...quarter of 1999. There were seven hotel sales in the third quarter, compared...2 million. All third-quarter hotel sales were in North County: the Angel...
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HVS International's 2004 Survey of Major U.S. Hotel Transactions showed...
Hotel & Motel Management;
May 2, 2005 ;
40 words
...HVS International's 2004 Survey of Major U.S. Hotel Transactions showed the number of sales of $10 million or above in 2004 increased 47.1 percent to 178 hotels. The average price per room in grew 2.2 percent to $141,000, according to the HVS Lodging Databank.
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Trump Entertainment Resorts Names Gregg Caren Vice President of Hotel...
PR Newswire;
September 5, 2006 ;
396 words
......industry, has been named Vice President of Hotel Sales for the Company. In the newly-created...focus our business model on using our hotel sales both to help drive gaming revenue and...Operating Officer. Gregg's experience in hotel sales and marketing in this region and around...
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Transforming the hotel sales organization.(Hospitality)
Westchester County Business Journal;
August 30, 2004 ;
Verret, Carol;
787 words
......The processes and procedures of most hotel sales operations have lagged behind in the...This affects the entire process of hotel sales from locating new business, to qualifying...the ways we think about doing not just hotel sales, but sales, period. The processes can...
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Transforming the hotel sales organization.
Fairfield County Business Journal;
August 30, 2004 ;
Verret, Carol;
787 words
......The processes and procedures of most hotel sales operations have lagged behind in the...This affects the entire process of hotel sales from locating new business, to qualifying...the ways we think about doing not just hotel sales, but sales, period. The processes can...
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Tight market to choke hotel sales volumes.
Australasian Business Intelligence;
January 30, 2006 ;
185 words
......sales volumes in 2006. There was a record $A1.4 billion in hotel sales in 2005. The sector has a positive outlook and there is strong...LaSalle Hotels said that assets were tightly held. He expected hotel sales volumes to be up to 20 per cent lower in 2006. Two hotels...
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US & European online hotel sales, 2003-06.
M2 Presswire;
February 1, 2006 ;
657 words
......and Markets: US & European online hotel sales, 2003-06(C)1994-2006 M2 COMMUNICATIONS...2005Figure 4: US & European online hotel sales, 2003-06 Third-party websites versus...merchant model?Figure 5: Estimated merchant hotel sales of leading online agencies, 2003, (US...
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Priceline.com Bolsters Hotel Sales Options
Wireless News;
August 15, 2007 ;
279 words
...Wireless News 08-15-2007 Priceline.com Bolsters Hotel Sales Options WIRELESS NEWS-August 15, 2007-Priceline.com Bolsters Hotel Sales Options (C)2007 10Meters - http://www.10meters.com Priceline.com has announced two changes to its hotel services...
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Hotel sales market heats up in first quarter
Orange County Business Journal;
May 15, 2000 ;
Reay, Alan;
371 words
......attractive alternative. In the first quarter of 1999, there were 23 hotel sales in California; for the same period this year, there have been...phase of the Convention Center remodel. All but one of OC's hotel sales in the first quarter were in the Anaheim/ Garden Grove area...
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Orange County, Calif., Bucks the Downward Trend in Hotel Sales.
The Orange County Register (Santa Ana, California) (via Knight-Ridder/Tribune Business News);
October 16, 2002 ;
508 words
......trend, however, doubling its number of hotel sales and leading the state in increased dollar...posted higher per-room prices. Statewide, hotel sales fell 18 percent to 100 in the first...numbers to set their price. California hotel sales are on pace to fall below $1 billion...
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