US Hotel REITs See Deal Activity Broaden Beyond Luxury as $75M-$150M Sales Gain Traction
Updated
Updated · Yahoo Finance · Aug 20
US Hotel REITs See Deal Activity Broaden Beyond Luxury as $75M-$150M Sales Gain Traction
3 articles · Updated · Yahoo Finance · Aug 20
Summary
Hotel REIT executives said US deal flow is strengthening, with transaction activity widening beyond luxury assets and bid-ask spreads starting to narrow.
Improved hotel operating fundamentals and more accessible debt are drawing buyers back, while family offices, regional operators and other capital providers deepen bidding pools.
Park Hotels has sold 10 of 19 targeted non-core assets since 2025 for nearly $200 million at an average 12.5x EBITDA multiple, part of more than $3 billion in dispositions since its spinoff.
Sunstone said activity is rising for $75 million-$150 million full-service hotels in primary and secondary markets, though DiamondRock noted some resort bid spreads still exceed 10%-15%.
Executives and industry observers say sustained momentum could speed acquisitions in the second half of 2026 and into 2027 as REITs recycle capital and reposition portfolios.