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Call 800-421-3483 for more information
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UPSCALE SELECT-SERVICE PROPERTIES CHANGE HANDS
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The average price per key for a flagged limited-service property fell about 15% during Q1 to approximately $44K/key. However, deals for branded properties in primary markets are selling at higher levels so far in Q2, as Company Removed and Company Removed both acquire properties for an average price of more than $100K/key. Company Removed picks up four hotels for $61M, which are a mix of extended stay and select-service. Company Removed enters an agreement to buy two Hilton Garden Inns for a combined $32.6M and closes the purchase of four Hampton Inns. Company Removed grabs the
Hampton Inn & Suites – Atlanta Downtown.
Access to this newsletter is not available online and restricted to our subscribers.
branded properties, extended stay, Hampton Inn, Hilton Garden Inn, hotels, limited-service hotel, price per key, primary markets, select service |
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 Call 1-800-421-3483 |
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Hotel Lodging News
gives you the inside information on what buyers will pay for properties as well as cap rates, where they look for transactions, what type of hotels spark their interest and why.
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