U.S. Hotel Transactions See Modest First-Half Growth
Skift Take
Sonder is almost able to file accurate financial statements on a quarterly basis. Getting to profitability will come after that. And other hotel deal and development news.
The DJIA rose 136 points, the Nasdaq was up 95, the S&P 500 was up 27, and the 10-year treasury yield was down .02 to 4.26%. Lodging stocks were mixed, and the trading so far this week is a bit disappointing after Friday’s performance.
Sonder Holdings finally was able to file with the SEC and announce its first quarter 2025 results. It had double-digit declines in revenue, adjusted EBITDAR, but its net loss increased 12%. It also received another notice from the SEC that it was deficient because it is still not current in its filings. It is expected to submit an update of their previous plan of compliance by September 4.
In the first half of 2025, U.S. hotel transaction volume grew modestly, though it remained significantly below historical averages, according to JLL’s H1 2025 U.S. Hotel Investment Trends report, obtained by Hotel Dive. In the first half of 2025, U.S. hotel transaction volume increased 3.9% year over year to $9.7 b
