US hotels investment outlook
Hotel transactions surge in 2018 driven by the sale of luxury assets, resorts and portfolios
Operating fundamentals reach new records in 2018, but investors expect slowing growth in 2019.
U.S. hotel transaction volumes total $34.0 billion in 2018, 42.0 percent higher than in 2017.
Most top-25 markets continue to see growth in revenue per available room.
Sources of capital
Private equity and REITs accounted for over 60.0 percent of total transaction volumes.
Sources of risk
Slowing RevPAR growth and challenging operating environments remain top of mind.