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Hotel Valuation Trends for the U.S. Lodging Industry

June 16, 2011 By Sam Trotter 2 Comments

HVS presented their annual Hotel Valuation Trends for the U.S. Lodging Industry at the NYU Hotel Investment Conference this month.

Their data suggests:

2011 US per room values to grow by 28%
2012 US per room values forecasted to grow by 25%

2011 per room average value is $84,000
2015 forecasted average value of a hotel room is $151,000

Although you may have missed the bottom of the market. This data shows that it still clearly an excellent time to buy. If you are building a new hotel property try to open by 2013-2014 to stabilize the property by 2015.  If you are open on which markets to pursue deals in, the below is a guide to the top performing markets by percentages and also on a per room basis.

2011 value change in top 10 markets:

1 San Francisco $51,000

2 Oahu $41,000

3 New Orleans $34,000

4 San Diego $34,000

5 Chicago $26,000

6 Miami $25,000

7 Phoenix $25,000

8 Orlando $23,000

9 Anaheim $22,000

10 Los Angeles $22,00

 

2011 Value change as a percentage in top 10 markets:

1 Detroit 55%

2 Phoenix 45%

3 Cleveland 43%

4 Tampa 41%

5 Richmond 39%

6 Orlando 35%

7 New Orleans 35%

8 Philadelphia 29%

9 Jacksonville 28%

10 United States 28%

 

Per room value forecast (2010-2015) top 10 markets:

1 San Francisco $233,000

2 Oahu $185,000

3 New York $180,000

4 San Diego $128,000

5 Phoenix $126,000

6 Las Vegas $118,000

7 Chicago $114,000

8 New Orleans $114,000

9 San Antonio $105,000

10 Dallas $103,00


Top 6 Buy markets:

San Francisco

Oahu

Phoenix

New Orleans

Las Vegas

New York

 

Source: HVS – Hotel Valuation and Transaction Trends for the U.S. Lodging Industry

 
By: Samuel Trotter
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Filed Under: Hotel News and Announcements, Hotel Valuation Forecast Tagged With: best hotel investments, best places to buy hotels, boutique hotels, Chicago New Orleans, Dallas, Hotel, HVS, HVS Report, major markets, Miami, New York City, San Francisco, trend, valuation

About Sam Trotter

Samuel Trotter is Director of Development and eCommerce for Boutique Hospitality Management. Trotter also writes for hotelnewsnow.com on how technology is impacting hotels, usually from an ecommerce perspective. Trotter came to know Keith Space from his time working for The Angler's Boutique Resort in South Beach. The property was hugely successful, jump starting his career. Trotter writes and speaks on eCommerce and hotel investment and is a major player of the BHM team. Continue the conversation with Trotter on Twitter @Sammy_Miami.

Comments

  1. New York City Hotels For Sale says

    July 1, 2011 at 10:21 am

    New York City Ranks

    Reply
  2. Boutique Hotel Developer NYC says

    May 22, 2012 at 3:10 pm

    Looking for a Boutique Hotel Developer in NYC? CALL US 646-651-4554

    Reply

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