Gulf Coast hotel sales climb into new territory

Long eclipsed by markets like Miami and Key West, recent deals signal that trends may be changing.

  • By Kevin McQuaid
  • | 6:00 a.m. August 31, 2018
  • | 0 Free Articles Remaining!
COURTESY PHOTO — The sale of the Ritz-Carlton Sarasota resort for $171 million illustrates that the Gulf Coast is becoming more desirable for institutional investors.
COURTESY PHOTO — The sale of the Ritz-Carlton Sarasota resort for $171 million illustrates that the Gulf Coast is becoming more desirable for institutional investors.
  • Commercial Real Estate
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When it comes to hotel sales superlatives, Miami, Key West and Orlando typically occupy the top ranks of lodging project lists.

But in the past year, especially, Gulf Coast hospitality venues have overtaken their mostly southern counterparts both in terms of overall pricing and per-room dollar volume.

 

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