Hotel deals below $50 million continue to be a large share of total sales
$2.2 billion of smaller deals traded in the first quarter
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First-quarter US hotel asset sales declined by 30% from a year ago
Industry participants expect stronger trading volume, but this has yet to materialize
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For those of you keeping score, here are the YE 2024 U.S. hotel industry results by class. "Bifurcation" was the story and our 2025 outlook promises more of the same. www.costar.com/article/1488...

My favorite non-CoStar data set is the I-92/APIS data www.trade.gov/us-internati... which tracks international inbound/outbound travel flows. Here is my summary of that data for 2024. I assume that in 2025 the picture will stay pretty much the same.

US hotel rooms in construction show no sign of acceleration.
Total pipeline shows additional activity, but financing remains the sticking point www.costar.com/article/1179...

Los Angeles residents displaced by wildfires drive up hotel occupancy
Average room rates remain stable, except for very high-end hotel chains
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Eight of the 10 hospitality submarkets in Los Angeles saw increased room demand, and six reported double-digit gains. The occupancy increases spiked Wednesday and Thursday last week and dissipated over the weekend as evacuation orders were lifted.
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Pop Quiz: Who was the second most active hotel buyer in Q4?

Answer: The Mormon Church via DCC Hospitality REIT
"The real estate investment trust purchased two properties in Anaheim, California, for $303 million.
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Probably not a big surprise to anyone that the 2024 Hotel transaction volume in the US was pretty low, with around $21 billion of transactions. All eyes are now on the ALIS conference and the prevailing broker / investor / lender sentiment...
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