Hotel sales across the world haven’t just taken a hit amid the coronavirus pandemic but have flat out tumbled compared with last year — by half in this year’s first five months and by 87% in the second quarter.

Globally 113 hotels sold since April 1 until late June, an 86.7% drop from the 850 hotel sales from last year’s second quarter, according to New York-based commercial real estate data and analytics provider Real Capital Analytics Inc.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.

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