Audit Report Precedent: Engagement Quality Review
- Posted by kalyani
- On May 10, 2024
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U.S. Hotel Performance Q1 2024
- Posted by kalyani
- On May 8, 2024
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2. Hotel Name: Wyndham Boston Beacon Hill Location: Boston, MA No. of rooms: 304 Sale Price: $125,000,000 Price per unit: $411,184 per unit Seller: New Boston Fund, Inc. Buyer: RLJ Lodging Trust 
3. Hotel Name: AC Hotel Washington DC Convention Center Location: Washington, DC No. of rooms: 234 Sale Price: $116,800,000 Price per unit: $499,145 per unit Seller: Douglas Development Co Buyer: Apple Hospitality REIT, Inc Source: CoStar
Q1 2024 Cap Rates
Average cap rates for U.S. hotels increased by 21 basis points in Q1 2024 compared to Q4 2023. The following table illustrates minimum, maximum, and average cap rates for U.S. hotels in Q1 2024 & Q4 2023.[/vc_column_text][vc_empty_space height='22px'][media image='9224'][vc_empty_space height='22px'][vc_empty_space height='22px'][vc_column_text]
Source: RealtyRates.com[/vc_column_text][vc_empty_space height='22px'][vc_column_text]Cap Rate Q1 2024 Q4 2023 Difference (bps) Minimum 6.29% 5.98% 31 Maximum 16.35% 16.28% 7 Average 10.85% 10.64% 21 Outlook
The transaction outlook for the rest of 2024 is constructive, with investors eager to get on a commercial real estate sector poised for more growth. As higher interest rates make deal underwriting difficult, the bid-ask spread continues to be elevated. Owners with strong operating histories encountered buyers looking for distress, and neither side was willing to give in during 2023. Industry participants expect that deal flow will increase again in the second half of 2024 as investors who stayed on the sidelines will be compelled to act, no matter how the Fed acts.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row top_padding='20'][vc_column width='1/4' css='.vc_custom_1679066467697{margin-right: 0px !important;border-right-width: 0px !important;}'][/vc_column][vc_column width='3/4' css='.vc_custom_1701236381406{border-bottom-width: 2px !important;border-bottom-color: #e8e8e8 !important;}'][vc_empty_space height='20px' css='.vc_custom_1679117091839{margin-bottom: 0px !important;padding-bottom: 0px !important;}'][/vc_column][/vc_row]" target="_blank">
Flash Alert: IRS Releases Early Draft of Form 1099-DA for Reporting Digital Asset Transactions
- Posted by kalyani
- On May 7, 2024
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Quality Standards: Aimed at Implementation, Not Mere Inspection!
- Posted by kalyani
- On May 3, 2024
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Flash Alert: IRS Finalizes Regulations on Credit Transfer under the Inflation Reduction Act
- Posted by kalyani
- On May 2, 2024
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Auditor Independence: AICPA Revises Standards to Highlight Fee Dependency
- Posted by kalyani
- On April 26, 2024
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FASB Enhances Accounting Standards Related to Joint Venture Formations, Fostering Consistency
- Posted by kalyani
- On April 24, 2024
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Analyzing the Impact of President Biden’s FY 2025 Budget on Corporations
- Posted by kalyani
- On April 22, 2024
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Flash Alert: IRS Warns Against Scammers Offering Help Setting Up Online Accounts
- Posted by kalyani
- On April 19, 2024
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Embracing the Future: Integrating AI and Human Expertise in US Commercial Real Estate Valuation
- Posted by kalyani
- On April 18, 2024
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