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Thursday, 30 July 2020

Hotel Occupancy Rate Inched Up Again Last Week

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Commercial Real Estate Direct Staff Report

The national hotel occupancy rate continued inching up for the week through July 25, to 48.1 percent from 47.5 percent a week earlier, according to STR. But it remains 37.9 percentage points lower than during the same week a year ago.

The Hendersonville, Tenn., research firm said that occupancy now has increased in 14 of the last 15 weeks. It also noted that the 25 largest markets it tracks underperformed the nation as a whole, with a 40.8 percent occupancy rate. Some of those large markets include New York, whose occupancy was 36.3 percent for the latest week, up from 35.9 percent a week earlier, and Seattle, with a 35.1 percent rate, up from 34.2 percent.

The best performing market, in terms of occupancy, was Norfolk/Virginia Beach, with a 66.1 percent rate. It's the only market tracked by STR to breach the 60 percent occupancy hurdle.

Four additional markets have topped 50 percent occupancy: Detroit, at 55.2 percent; Atlanta, at 50.5 percent; Philadelphia, at 50.4 percent; and San Diego at 50 percent.

Average daily rates also improved, to $99.24 from $98.56 a week earlier. They, too, remain well below - 27.3 percent - last year's level. Revenue per available room,...


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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Hotel & Resort
  • Subject: Research (RES)
  • Private: Yes
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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