Dear Friends,

US hotel performance continues to rise!

Once again, Miami recorded significant increases over 2019. Those increases stretched across all three key performance metrics! Lifted by spring break and decreasing COVID-19 guidelines, the Sunshine State is seeing all kinds of activity.

In the meantime, to help you navigate this exciting market, you'll find in this issue:

  • Downloadable Hotel Sales Comps | JAN-MAR 2022 for the Broward County area.
  • The newest Hotel Occupancy Update with a look at the top-performing markets
  • A selection of my most recent properties for sale
  • A curated selection of the latest hotel market news & trends to help inform your business decisions and strategy
  • Active Immediate Buyer Needs

If you know anyone who is considering selling or acquiring a hotel or multifamily property, please send them my way. We have buyers ready and waiting.

Best Regards,
Rick Tobin | Commercial Real Estate Broker
Premier Hotel Realty
954-543-5411
#TheHotelBroker
🔹Director, Greater Pompano Beach Chamber of Commerce
🔹Member, Greater Fort Lauderdale Chamber of Commerce
🔹Former Director, Lauderdale-by-the-Sea Chamber of Commerce
🔹Video Host: Hotel Happenings with Rick Tobin
P.S. Considering selling your hotel property? Simply reply to this email now and request a Broker Opinion of Value for your property.
Find out how much your Hotel property could sell for.
Find out with our latest Broward County Hotel Sales Comps Report.
In this report, you'll find a representative sample of Hotel property sales that took place in the Broward County area from January to March 2022.📍

Check out select properties to get an idea of what properties like yours are selling for.
Download your copy of my latest Hotel Sales Comps Report below.
STR: U.S. Hotel Occupancy Update
Week | 13-19 March 2022

U.S. weekly hotel performance increased over the previous week and showed improved comparisons against 2019 comparables.
Lifted by spring break travel, weekly occupancy was at 66.9%--the highest level recorded since the week ending August 7, 2021.

Additionally, the week had the second-highest ADR level for any week on record.

🔹 The average daily rate (ADR) experienced a +13.6% increase over 2019 and is now sitting at $151.63

🔹 The revenue per available room (RevPAR) was recorded at $101.44, up +9.5% from 2019.
Among the Top 25 markets:

Miami exhibited the largest increase over 2019...

  • In each of the three key performance metrics!


➜ Occupancy - +3.1% to 87.8%

➜ ADR - +39.2% to $348.95

➜ RevPAR - +43.5% to $306.49


Read more here.
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We have a high number of buyers who are urgently seeking hotel properties in Florida.

Below are just a few of the many Buyer Wants & Needs that are pouring in!

If you have a hotel property to sell, please get in touch ASAP.
Tap Into Our 45,000+ Actively Engaged Facebook Members

Contact Me Today For Promotional Opportunities!
We have one of the largest Florida local community networks on Facebook!
Rick is a member and director of the Greater Pompano Beach Chambers of Commerce, a member of the Greater Fort Lauderdale Chamber of Commerce, and a member and former director of the Lauderdale-by-the-Sea Chamber of Commerce.
Premier Hotel Realty | PremierHotelRealty.com
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