2019 looks to be another strong year for hotel transactions.
2018 ended with a 0.5% increase in occupancy over 2017 and 2.4% growth in average daily rate. Revenue per available room was up 2.9% year over year. According to STR and Tourism Economics 2019 is projected to have flat occupancy and 2.3% ADR growth, which will lead to 2.3% RevPAR growth in 2019. Additionally, STR forecasts both supply and demand growth of 1.9% in 2019.
MBA Hotel Brokers expects to see strong buyer demand for upper-midscale and mid-scale hotels, especially in urban and secondary markets. Newer hotels continue to attract the most attention, as well as Hilton, Marriott, and IHG brands. Many buyers also like Best Western, Choice, and Wyndham brands and there is a strong niche for extended-stay properties.
Our clients say that they prefer to work with MBA Hotel Brokers because they trust our integrity and they know that we put all our considerable resources (knowledge, experience, marketing, and database of buyers) on every deal. We have sold hundreds of hotels, valued in hundreds of thousands of dollars across the US and internationally. One reason MBA Hotel Brokers is enjoying high transaction levels is the maturity of our great team of hotel brokers, whose depth of knowledge and experience is being recognized by many hotel companies for driving superior performance in hotel transactions.
If your portfolio needs some churning to maximize its ROI, give us a call and we'll jump on it. There is an old expression, “If you want to get something done, ask a busy person.” MBA Hotel Brokers are busy, but we are selling hotels and have strong demand for more acquisitions at every level, so we are actively seeking to add to our inventory of hotel investment offerings and would love to help you realize the highest possible results in your hotel transaction.
Our premier marketing platform gets results fast. We have more than 23,000 unique annual visitors to our website and nearly 8,000 subscribers to our email alerts. Many hotel listings require only 1 email to attract dozens of qualified buyer prospects. We leverage competing interest to get the best terms and get to contract quickly. We never stop looking out for your interest from start through to closing.
Any of MBA Hotel Brokers' experienced hotel brokers can provide a complimentary hotel valuation. We consider a dozen+ factors about your hotel as well as current market conditions. We use a sophisticated database of hotel transactions and three valuation models (gross revenue multiple, capitalization rate, and price per key) to arrive at the optimum starting list price.
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"Thank you for all your help in the purchase of the Econolodge, Fort Payne, AL. Suresh Patel and MBA Hotel Brokers' service and experience were instrumental in successfully completing this transaction. I will use MBA Hotel Brokers' service in the future for other acquisitions. Also, I will strongly recommend to my friends and family, if they ever want to buy or sell hotels". - Buyer Econolodge, Alabama