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Hotel real estate sales--transaction activity year end 2005 vs year-end 2004.

HOTEL REAL ESTATE SALES--TRANSACTION ACTIVITY YEAR END
2005 vs YEAR-END 2004

                                  Year-End 2005
                                                        Median Sale
                       Number of    Median #   Median    Price Per
                     Transactions   of Rooms    Age         Room

All Hotels                864         111        22        $56,224

Region
  New England/            112         146        30        $82,738
    Mid-Atlantic
  North Central            97         128        19        $42,536
  South Atlantic          266         120        22        $53,853
  South Central            64         125        21        $38,238
  Mountain/Pacific        325          82        23        $60,185

Property Type
  Full-Service            337         191        28        $77,209
  Limited-Service         430          73        21        $44,414
  Extended Stay            60         112         8        $67,813
  All-Suite                37         128        14        $79,960

Affiliation
  Yes                     615         122        20        $54,929
  No                      249          67        43        $58,600

Size of Property
  Over 226 Rooms          158         343        26       $112,678
  151 to 225 Rooms        124         180        26        $55,048
  76 to 150 Rooms         317         108        20        $50,885
  0 to 75 Rooms           265          51        23        $51,429

                                        Year-End 2004

                                                        Median Sale
                       Number of    Median #   Median    Price Per
                     Transactions   of Rooms    Age         Room

All Hotels                763         120        21        $39,259

Region
  New England/             53         140        25        $72,093
    Mid-Atlantic
  North Central           133         120        19        $25,157
  South Atlantic          228         123        21        $37,623
  South Central            83         112        21        $26,027
  Mountain/Pacific        266         100        25        $53,189

Property Type
  Full-Service            283         194        28        $59,211
  Limited-Service         424          79        20        $31,938
  Extended Stay            33         112        17        $40,000
  All-Suite                23         133        10        $71,856

Affiliation
  Yes                     589         124        20        $37,705
  No                      174          64        41        $44,405

Size of Property
  Over 226 Rooms          129         309        27        $66,246
  151 to 225 Rooms        106         182        26        $53,875
  76 to 150 Rooms         302         118        20        $30,266
  0 to 75 Rooms           226          52        22        $39,088

Note: * Readers are advised that the transactions that occur during a
particular month may not be publicly recorded for several months in the
future. Therefore, the number of transactions identified are only those
known as of the Quarterly Trends publication date.

** The data presented is intended to profile the transactions that have
occurred. it is not intended to be a measure of changes in hotel
values.

Sources: PKF Hospitality Research, CoStar, Hotel Brokers Association
and Industry Media.
COPYRIGHT 2006 Pannell Kerr Forster
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

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Publication:Quarterly Trends in the Hotel Industry (USA)
Date:Mar 1, 2006
Words:362
Previous Article:Major U.S. hotel markets: annual results--2004-2006 forecast: regional performance.
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