Report: Orlando Hotels Trades Increasing

ORLANDO—Forty-two hotels changed hands in Orlando in 2012. That’s up from 38 in 2011. So says a new study from HREC Investment Advisors that covers more than 500 hotels located in Orange, Osceola, Seminole, Polk, and Lake Counties.

According to the HREC study, 71% of the hotel transactions in 2012  were “single-asset sales” versus 55% in 2011. Of the remaining transactions, six hotels traded as part of a portfolio sale or as a result of mergers and acquisitions activity—up from two in 2011. Two hotel properties traded thorough foreclosure sale to a third party—down from seven in 2011. And four hotel changed hands through foreclosure—down from eight in 2011.