US hotel deals pace picks up in 2024

By bhhsbowen December 24, 2024 CoStar News 0 comments

Hyatt Regency Orlando, shown here, was the biggest U.S. hotel transaction of 2024. Hyatt Hotels Corp. sold the 1,641-room hotel to affiliates of RIDA Development Corp. and an Ares Management real estate fund for $1.07 billion in August. (Hyatt Hotels Corp.)
Lower cost of debt, pent-up capital and overdue renovations expected to spur sales next year