The Market for Hotel Sales Drop by 50% Worldwide
July 8, 2020
Originally published by Tom Leahy of Real Capital Analytics on May 29, 2020.
Globally, hotels have been the asset class most impacted by the Covid-19 crisis. Sales of hotels were down by one-half in the first five months of 2020 in comparison with 2019 and just 113 hotels have sold worldwide since the start of April. By way of comparison, more than 850 sold in the second quarter of 2019.
Image Source: Real Capital Analytics