{"id":14662,"date":"2017-12-13T07:44:44","date_gmt":"2017-12-13T07:44:44","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=14662"},"modified":"2026-04-01T09:22:47","modified_gmt":"2026-04-01T06:22:47","slug":"2017-hotel-check-20-largest-sales-year","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/2017-hotel-check-20-largest-sales-year\/","title":{"rendered":"2017 Hotel Check-In: The 20 Largest Sales of the Year"},"content":{"rendered":"

With construction activity firing on all cylinders in all the major markets in the U.S., concentrated mainly in the office, multifamily, and industrial sectors, the national lodging market is following suit. Hotel development is on the up, spurred on by the delivery of new office, residential, entertainment and sports projects in high-density markets. More and more investors are choosing to acquire high-quality hotels located in desirable urban or resort markets such as Miami<\/a>, Los Angeles<\/a>, or\u00a0Chicago<\/a>, while some are also expanding their focus outside the usual destinations and betting on secondary or up-and-coming markets where development is booming. A New York-based investor recently paid a hefty price<\/a> for a Holiday Inn asset located near downtown San Jose<\/a> in California, an investment likely encouraged by Google’s announcement that it would set up a major transit-oriented corporate village in the area.<\/p>\n

All these new projects and corporate expansions, coupled with population growth, are definitely having a major impact on the U.S. hotel sector, boosting investor interest and fueling demand for accommodation options. In the last couple of years, public REITs have become major players on the market, alongside private equity firms and offshore buyers, betting big on high-quality, well-located hotel assets. Such heightened attention from companies that are usually more focused on office or mixed-use gems is a clear sign that the hotel industry is bustling with activity.<\/p>\n

Consequently, as this activity continues to intensify, we thought it’d be a good time to look at the biggest hotel transactions of 2017<\/strong>, to get an idea of the kind of assets buyers are looking for, and see which markets are currently the main targets for investment. As it turns out, California remains a top destination for hotel buyers, as 7 out of the top 20 largest deals of 2017 closed in The Golden State. Florida, Hawaii, and New York each made our list three times, while the top sale of the year took place in Las Vegas<\/a>.\u00a0Check out our list of the top 20 largest hotel deals of 2017, and keep reading for a few tidbits on the most important sales:<\/p>\n

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