Hotels were hit harder than any other type of real estate during the early months of the pandemic. Now, investors seemingly can’t get enough of them.
More than $12.5 billion worth of hotels were sold in the first three months of 2022, according to CoStar Group , the highest first-quarter figure since 2016. The prices of hotels for sale are surging and the share of delinquent hotel mortgages recently fell to a new pandemic low.
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