;

HVS Publishes Two Reports Detailing Major and Mid-Market U.S. Hotel Transactions as of Mid-Year 2008

For Immediate Release

Dallas, Texas, July 31, 2008: HVS, a leading hospitality consulting and appraisal firm, announces the publication of two reports documenting hotel transactions occurring in the first two quarters of 2008. The HVS 2008 Mid-Year Survey of Major U.S. Hotel Transactions covers hotel sales of $10 million and above. The HVS 2008 Mid-Year Survey of Mid-Market U.S. Hotel Transactions covers hotel sales between $3.0 and $9.99 million.

"Hotel sales in both price categories were down significantly from sales occurring in the same period of 2007," said Amy Beam, HVS Director of Hotel Transactions. "The information we have culled from our databases for this report will help hotel buyers, sellers, lenders, and owners evaluate their stake in the industry as of mid-year 2008 and inform strategies going forward."

Highlights of both reports include:

  • An overview of the hotel transactions market;
  • The five largest hotel transactions in each price category; and
  • A listing of all hotel transactions that have occurred through June of 2008.

Both surveys are now available for purchase online at http://www.hvs.com/Bookstore/. Simply follow the "Buy Now" feature under the respective report. The price of each report is $350. A copy will be e-mailed to you during normal business hours (Monday through Friday) after your payment has been approved. For more information regarding these surveys, please contact Amy Beam at abeam@hvs.com.

HVS is a global consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Information within the HVS 2008 Mid-Year Surveys (Major and Mid-Market) was taken from our extensive database of sales transactions. HVS serves as conduit for the data but does not assume responsibility or liability for data accuracy, usability, confidentiality, or other matters related to the survey.

Contact:
Amy Beam
HVS Director of Hotel Transactions
2601 Sagebrush Drive
Suite 101
Flower Mound, TX, 75028
Phone: +1 214.629.9728
Email: abeam@hvs.com