The company has entered into a contract to sell a 210-room San Diego hotel and a 204-room Washington DC hotel, for a sales price that equates to $360,000 per key.
Rising material costs and supply shortages along with expected increases in mortgage rates are expected to keep a growing number of potentially prospective home buyers in multi-family rentals.
“We’ve been locked up in a home, we all want to go back to travel and restaurants.”
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