Investors are checking back into the hotel market, with sales of hotel properties recording their hottest first quarter since 2016
Hotels were hit harder than any other type of real estate during the early months of the pandemic. Now, investors seemingly can’t get enough of them.
More than $12.5 billion worth of hotels were sold in the first three months of 2022, according to CoStar Group , the highest first-quarter figure since 2016. The prices of hotels for sale are surging and the share of delinquent hotel mortgages recently fell to a new pandemic low.
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