47 U.S. Hotel Sales in Oct: Median $164K/Key
Our first monthly deal recap from The Hotelier Times deal database: 47 U.S. hotel sales in October, a $164K/key median, and a pricing spread from $13.9K to $813K/key.
By Nathan Snyder, Editor · November 4, 2026
Featured image: Fairmont Scottsdale Princess — Photo: Dtobias / Wikimedia Commons / CC BY-SA 3.0.
The Hotelier Times deal database recorded 47 U.S. hotel sales announced in October 2026 — 10,135 keys across the 44 deals with room counts. Disclosed volume totaled $934.3 million across 19 priced deals. The median price per key was $163,977 (about $164K) across 18 deals with both price and keys. Two tickets carried roughly half the disclosed volume: the 750-key Fairmont Scottsdale Princess at $241.4 million ($321,867/key) to San Manuel Investment Authority, and The Hotel at Avalon in Alpharetta at $220 million ($666,667/key) from Crescent Real Estate to a joint venture including Endeavor Real Estate Group.
Regionally, the South led with 26 deals, followed by the Northeast and Midwest at 7 each and the West at 6. Florida had 9 sales and Texas 8. Six of the 47 deals were flagged distressed (receivership, foreclosure, or bank-owned). One deal — Hotel Saxonburg in Pennsylvania — remains pending under contract, with closing expected by mid-November 2026; the other 46 are closed in the database.
This is our first monthly count-and-median recap from the deal database. The site already has a Q3 2026 deals roundup and single-deal posts, but not a monthly print. A separate CMBS watch-list chart may run the same day as this story; that is a different data set and a different slot.
The $164K Median — and a $13.9K to $813K Spread
Across the 18 October deals with both disclosed price and keys, the median was $163,977/key. The high was Timber Cove Resort in Jenner, California: 46 keys for $37.4 million, or $813,043/key (Hotel Business). The low was the Royal Sonesta Minneapolis Downtown: 360 keys for $5 million, or $13,889/key, to Laxmi Hotels Group (Minneapolis/St. Paul Business Journal).
Three Sonesta/SVC-linked prints sat well under the month’s median: Minneapolis at $13,889/key, Royal Sonesta Portland Downtown at $30,769/key ($6.8 million, 221 keys), and Royal Sonesta Chicago River North (now Hotel 505 River North) at $80,460/key ($21 million, 261 keys). See also our earlier notes on the Portland Sonesta sale and the TKO/SVC renovation pledge.
Two Deals, Half the Disclosed Volume
Of the $934.3 million in disclosed October volume, Fairmont Scottsdale Princess and The Hotel at Avalon together account for about $461.4 million. Fairmont Scottsdale Princess: 750 keys, $241.4 million, $321,867/key, buyer San Manuel Investment Authority (Yuhaaviatam of San Manuel Nation), source Hotel Online (HTD-0118). The Hotel at Avalon, Alpharetta: 330 keys, $220 million, $666,667/key, Crescent Real Estate to a joint venture including Endeavor Real Estate Group, source REBusinessOnline (HTD-0119).
Other large priced tickets included Endeavor Hotels’ seven-hotel Midway Airport portfolio from RLJ Lodging Trust — 1,057 keys for $68 million ($64,333/key; Hoodline) — and EOS Investors’ buy of Hyatt Centric Faneuil Hall Boston — 163 keys for $58.4 million ($358,282/key; Banker & Tradesman / Suffolk County deed). Our prior coverage: Endeavor–RLJ Midway and EOS Hyatt Centric Faneuil Hall.
Distress and Discount Comps
Six of 47 deals carried a distress flag. One priced example: Embassy Suites by Hilton Chicago Lombard Oak Brook, 262 keys, $24.1 million ($91,985/key), sold out of receivership/foreclosure to Endeavor Hotels (Hoodline, HTD-0189). That sits beside the Midway portfolio print under $100K/key — the kind of comps buyers cite against aging full-service boxes coming out of REIT or lender hands.
Volume rules for this recap: only disclosed price_usd enters the $934.3 million total (19 of 47 deals). Twenty-eight deals had no disclosed price and count toward the deal tally only. Price per key uses deals with both price and keys (18); HTD-0132 (CREAL’s $19 million three-hotel buy from Service Properties Trust) has price but no keys, so it is in volume, not the median. Keys total uses 44 rows with room counts.
Top 10 October U.S. Hotel Sales by Disclosed Price
Sourced from The Hotelier Times deal database (October 2026 U.S. announcements). Price per key shown only where both price and keys are known.
| Property | Market | Keys | Price | $/Key | Buyer |
|---|---|---|---|---|---|
| Fairmont Scottsdale Princess | Scottsdale, AZ | 750 | $241.4M | $321,867 | San Manuel Investment Authority |
| The Hotel at Avalon | Alpharetta, GA | 330 | $220.0M | $666,667 | JV incl. Endeavor Real Estate Group |
| Seven-hotel Midway Airport portfolio | Chicago, IL | 1,057 | $68.0M | $64,333 | Endeavor Hotels |
| Hyatt Centric Faneuil Hall Boston | Boston, MA | 163 | $58.4M | $358,282 | EOS Investors |
| Hampton Inn West Palm Beach / Boynton Beach | West Palm Beach / Boynton Beach, FL | 275 | $48.0M | $174,545 | Brasswater |
| Arlo Wynwood | Miami, FL | 217 | $44.3M | $204,147 | Dauntless Capital |
| Thompson San Antonio | San Antonio, TX | 162 | $41.0M | $253,086 | The Loren Group |
| Timber Cove Resort | Jenner, CA | 46 | $37.4M | $813,043 | Snowmass Creek Capital |
| The Bellmoor Inn & Spa | Rehoboth Beach, DE | 79 | $31.0M | $392,405 | DiamondRock Hospitality |
| Cambria Hotel Columbia Downtown The Vista | Columbia, SC | 144 | $30.0M | $208,333 | ARK Development |
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