U.S. Hotel Sales Top $3 Billion in the Second Quarter
Skift Take
Braemar Hotels & Resorts Inc. has closed on the previously announced sale of the 369-room Marriott Seattle Waterfront in Seattle, Washington, for $145 million. Plus, other hotel news.
The DJIA fell 201 points while the Nasdaq was down 65, the S&P 500 fell 16 points, and the 10-year treasury yield was down .01 to 4.27%. Lodging stocks were mixed.
JP Morgan summarized the second quarter of 2025 earnings season for the hotel group as outlooks reflecting an abundance of caution, as half its covered companies lowered RevPAR and EBITDA guides. No surprise in that C-Corps fared better than the lodging REITs. The third quarter outlook is lower than most expected, but the fourth quarter is more optimistic than expected.
The LWHA second quarter 2025 Major U.S. Hotel Sales Survey includes 89 single asset sale transactions over $10 million, which totaled nearly $3.3 billion and included approximately 14,500 hotel rooms with an average deal size of $36.7 million. In comparison, the LWHA first quarter 2025 Major U.S. Hotel Sales Survey included 83 sales that totaled nearly $2.8 bil
