Dear Friends,
US hotel performance metrics continue to increase!
Once again, Miami recorded significant increases over 2019 while the top 25 markets also showed improvement.
In the meantime, to help you navigate this exciting market, you'll find in this issue:
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Downloadable Hotel Sales Comps | APR - MAY 2022 for the Broward County area.
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The newest Hotel Occupancy Update with a look at the top-performing markets
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A selection of my most recent properties for sale
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A curated selection of the latest hotel market news & trends to help inform your business decisions and strategy
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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,
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Premier Hotel Realty
954-543-5411
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๐นDirector, Greater Pompano Beach Chamber of Commerce
๐นMember, Greater Fort Lauderdale Chamber of Commerce
๐นFormer Director, Lauderdale-by-the-Sea Chamber of Commerce
๐นVideo Host: Hotel Happenings with Rick Tobin
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P.S. Considering selling your hotel property? Simply reply to this email now and request a Broker Opinion of Value for your property. |
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Find out how much your Hotel property could sell for.
Find out with our latest Broward County Hotel Sales Comps Report.
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In this report, you'll find a representative sample of Hotel property sales that took place in the Broward County area from April-May 2022.๐
Check out select properties to get an idea of what properties like yours are selling for.
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Download your copy of my latest Hotel Sales Comps Report below. |
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STR: U.S. Hotel Occupancy Update
Week | 12-18 JUNE 2022
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U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STRโs latest data through 18 June.
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The occupancy level was the highest of the pandemic-era thanks to the countryโs highest weekly demand (28 million room nights sold) since August 2019.
๐น The average daily rate (ADR) experienced a +14.9% increase over 2019 and is now sitting at $155.02
๐น The revenue per available room (RevPAR) was recorded at $111.29, up +9.4% from 2019.
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Among the Top 25 markets:
โ Occupancy: -4.8% to 71.8%
โ ADR: +14.9% to $155.02
โ RevPAR: +9.4% to $111.29
In our area, Miami posted the largest ADR gain with an increase of 32.9% over 2019!
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We have a high number of buyers who are urgently seeking hotel properties in Florida.
If you have a Florida Hotel that you're thinking of selling, there's never been a better time. Send us details and your contact information and learn how we can help you meet or exceed your expectations!
If you have a hotel property to sell, please get in touch ASAP.
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FEATURED PROPERTY
Shore Haven Resort Inn
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225-Acre Undeveloped Beachfront Land
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Sunrise Sands Beach Resort
Great Location Steps from the Atlantic
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PRICE: $9,500,000
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Hotel Seacrest
Tropical Oasis only Steps from the Ocean
Lauderdale-by-the-Sea, Florida
PRICE: $3,890,000
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Hotel Investors Not Worried About Potential Economic Pause
NEW YORK - Interest rate increases, the higher cost of debt and possibilities of a recession are factoring in to the overall hotel investment landscape, but the industry's continuing strong performance metrics have investors confident in a more...
Read more
www.costar.com
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Rates Drive US Hotel Recovery but Lag Inflation in Most...
NEW YORK - The numbers, and seemingly the stars, are aligning for the U.S. hotel industry. The ongoing recovery from the COVID-19 pandemic and the resulting economic environment are leading to improved performance and strong valuations for hotels ...
Read more
www.costar.com
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Tourism Outlook Remains Unclear as Improved Sentiment...
Hotel performance data shows that tourism is largely ramping up globally due to eased travel restrictions, improved...
Read more
www.costar.com
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Global Hotel Occupancy Surpasses 2019 Levels for the...
Article - Global Hotel Occupancy Surpasses 2019 Levels for the First Time Since the Pandemic Started - By Bertrand Cognard - Global hotel occupancy levels for April and May 2022 have exceeded pre-pandemic levels. Amadeus' forward-looking data...
Read more
www.hotelnewsresource.com
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Tap Into Our 45,000+ Actively Engaged Facebook Members
Contact Me Today For Promotional Opportunities!
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We have one of the largest Florida local community networks on Facebook! |
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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. |
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Developed by CRE HUB at iMedia International for Premier Hotel Realty.
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