Based on recently released third quarter data, there were more single asset sale transactions in 2012 than in the same period in 2011. We hope this will be a reason to celebrate as we close in on the year end and that 2013 can continue on pace, fiscal cliff or no fiscal cliff. According to a recent article on hotelbusiness.com regarding the LW Hospitality Advisors Q3 2012 Major U.S. Hotel Sales Survey, there were 28 single asset sale transactions over $10 million each, compared to 21 such sales in the same period last year.

Those transactions totaled roughly $1.7 billion and included approximately 7,500 rooms, with an average sale price per room of approximately $233,000. By comparison, the 21 transactions in Q3 2011 totaled about $800 million and included 4,500 rooms with an average sale price per room of $180,000. Check back here from time to time for the most recent data.