Select-Service Buyers Outnumber Sellers, Says JLL

CHICAGO— According to Jones Lang LaSalle Hotels’ U.S. Select-Service Hotel Investor Survey, the ratio of buyers to sellers in the select-service segment is now at a ratio of four to one. Such a seller’s market has developed during the past year and has allowed sellers to achieve premiums on cap rates and room revenue multipliers, according to the survey. Meanwhile, only 18% of the survey’s respondents said that they are planning on building select-service hotels during the coming months.