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Why are Hotel REIT Acquisitions Dropping This Year?

CHARLOTTESVILLE, VA—The number of hotels acquired is down and so is deal value, SNL Financial reports.

By Erika Morphy | Updated on June 23, 2014

CHARLOTTESVILLE, VA—The number of hotel deals has declined this year compared to transactions during the same period in 2013, SNL Financial reports. In addition, the deal value has dropped. It is unclear what the drivers are behind this trend-or even if it is a trend at all, as appetite by hotel REITs for assets remains strong and the year could end with strong numbers.

One reason behind the drop in deal value, though, may relate to a growing demand by companies for select-service assets, as they are percevied to deliver better value.

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