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29 June 2009
Cap Rates Continue Their Trend Downward in Q2 Summary | By Gregory Hartmann
 As the next installment to my March 2009 article published in Hotel News Now, I thought it best to literally pick up where I left off on that date. In the last paragraph of that article I concluded that because Strategic Hotel Capital (BEE on NYSE) has a cap rate below 10%, over 200 basis points below the next lowest, its share price may still have potential for further declines. At that time, cap rates ranged from 9.6% (for BEE) to 15.4% (for Host) and averaged 12.8% for all seven REITS based on their March 2, 2009 share prices and 2008 year-end statistics. My final sentence read, "So whether you are lowering your income on a TTM basis or forecasting 2009, you can safely anticipate most of those cap rates to trend downward through 2010."
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Thursday 11 March 2010 | HVS has released a survey documenting U.S. hotel transactions in calendar year 2009. The HVS Survey of Major and Mid-Market U.S. Hotel Transactions in 2009 details hotel sales of $10 million and above (major) and hotel sales between $3.0 and $9.99 million (mid-market).
Thursday 11 March 2010 | Experts from HVS, the word’s leading hotel consultancy and appraisal firm, will contribute to a panel on hotel valuation techniques and host a booth at the 22nd annual Hunter Hotel Investment Conference. The conference will be held March 17-19 at the Atlanta Marriott Marquis.
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