U.S. Investment in Price Per Hotel Room Drops 12 Percent
Hotel transactions in the U.S. top 25 markets accounted for just 37% of sales in 2017, down from 52% of all sales in 2016.
American furniture retailer West Elm has done it, as have luxury brands such as Armani and Bulgari. Now Japanese lifestyle giant Muji, which is known for its minimalist aesthetics, is taking a step into the hospitality business.
Solid economic performance and record tourist arrivals continue to propel Canadas lodging sector as investors remain eager to invest in lodging real estate with $3.5 billion of transaction volume in 2017.
Los Angeles rises to second place for commercial real estate investment - Gap closing between 'Big Seven' and the chasing pack Shanghai, Sydney and Amsterdam surging - Investors still cautious of cities in 'Emerging' economies, which struggle to reach Top 30 global rankings
According to pipeline data from STR, the number of hotel rooms under construction in the U.S. has declined or remained flat year over year for three consecutive months. Overall, there were 179,979 rooms in construction across 1,400 hotels for the month of December.