|
Per the HVS Spring 2017 Broker Survey, completed in early May, cap rates have declined modestly across most hotel categories since the Fall 2016 survey; for example, the average reported cap rate for full-service hotels fell to 8.0% from the 8.3% recorded last fall. In addition to going-in and exit cap rates, the Spring 2017 survey reports the latest in rooms revenue multipliers, exposure and marketing times, selling expense ratios, and liquidation effects for the U.S. and Canadian hotel transactions market, as well as the sentiments from U.S. and Canadian hotel brokers, among these four categories: luxury and upper-upscale hotels, full-service hotels, select-service hotels, and limited-service and economy hotels. Brokers were slightly more optimistic about trends for the luxury/upper-upscale and full-service hotels, while somewhat conservative in their outlooks regarding the select-service and limited-service/economy assets. While buyers remain active and plentiful, relative conservatism prevails nationally given the industry’s peak RevPAR position, new supply on the horizon, and interest-rate increases looming. The HVS Spring 2017 Broker Survey presents these and more results from top hotel brokers.
ORDER THE SURVEY REPORT FOR $295.
|
