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