NEW YORK CITY—Driven by robust business and leisure travel,the US hotel industry completed another year of record settingmetrics including: Occupancy, Average Daily Rate, RevPAR, AvailableRooms, Occupied Rooms, and Rooms Revenue. An extremely activeand ferocious hurricane season during the summer months provided aboost to the extended-stay hotel segment but disrupted operationsat many properties throughout Florida and Texas. While exacerbatedin several submarkets, generally, the nation's new hotel supplypipeline is fairly muted with an annual rise of approximately 2%,which is similar to the corresponding increases in demand. Surging growth of GDP coupled with steady jobs increases andan ebullient stock market indicates a strong US economy forthe foreseeable future. Furthermore, healthy economiesthroughout the world are supporting growth throughout America.

The LW HospitalityAdvisors (LWHA) 2017 Major U.S. Hotel Sales Surveyincludes 182 single-asset sale transactions over $10 million, noneof which are part of a portfolio. These transactions totaledroughly $13.6 billion, and included approximately 51,000 hotelrooms with an average sale price per room of $267,000.