Hotel Trends: Hotel performance normalized toward typical seasonality in Q1; metrics declined year over year but matched levels from two years ago following a weather‑driven demand surge. Statewide investment volume increased 65% quarter over quarter in Q1, marking the strongest quarterly total in a year. Pricing trends underscore heightened investor interest in economy hotels, with the average price per room at its lowest level since Q2 2021. ADR fell 1.2% year over year to

Capital markets activity continued to firm in early 2026, even as macro uncertainty increased. Transaction volume remains uneven across property types, but pricing trends are stabilizing as buyers and sellers recalibrate expectations around the cost of capital. Narrowing bid‑ask spreads for assets with durable cash flow support deal activity despite heightened headline risk. Debt markets are more constructive than a year ago. Banks have returned selectively, CMBS remains an o

Hotel Trends: The industry is seeing a “tale of two tiers,” with major metropolitan hubs experiencing doubledigit growth, while the rest of the state undergoes post-pandemic normalization. Southeast Florida led the state in early 2026; Miami-Dade reached an ADR of $300, while Palm Beach hit $394. Miami-Dade remains a national standout, maintaining an occupancy rate above 80%, the highest among large U.S. metros. Performance is being heavily buoyed by “compression events,” inc