Bay Area hotel purchases slump amid inflation, price uncertainty

Bay Area hotel purchases slump amid inflation, price uncertainty

2 years ago
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https://www.mercurynews.com/2022/09/12/bay-area-hotel-purchase-slump-real-estate-inflation-develop-economy/

The Bay Area market for hotel purchases slumped during the first half of 2022 compared to the same period the year before amid inflation woes and fast-rising interest rates.

The total dollar volume for hotels bought in the nine-county Bay Area was $660.5 million, according to research Atlas Hospitality Group provided to this news organization.