Jan Freitag and Isaac Calazzo of CoStar & STR break down 2026 and 2027
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed hospitality deal value tracked in September 2026: $5B across 15 reported transactions. All Hospitality coverage →
- 15 stories mentioning CoStar on the wire in the past 90 days. CoStar coverage →
Computed from Real Estate Trail’s own tracked coverage
CoStar's Jan Freitag and STR's Isaac Collazo break down why the 2026 RevPAR forecast jumped from 0.5% to 4.4%, the World Cup's ADR impact, and how to budget for a tough 2027 comp set.
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