An uptick in activity during the last quarter of 2020 saw transaction volumes total just over $900 million for the year and with a number of larger deals still currently in play. Deal flow has primarily comprised smaller assets being acquired by private investors with only two transactions above $100 million. The average ticket size averaged $34 million, a decline of 25 per cent compared to 2019, whilst the average price per key declined 32 per cent to $225,828, reflecting the composition of deals throughout 2020.
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