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

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

First, though, a look at the numbers.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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