Skift Take
The value of announced acquisitions this year is already three times that for the deals in all of 2020. We pulled together the top hotel acquisitions for 2021 for you by dollar amount, some deals strategic, some less so. The pace is brisk but the impact from the Delta variant could very well reverse the momentum heading into fall.
Hyatt's $2.7 billion purchase this week of the Apple Leisure Corporation clearly underscores the returning confidence of investors in the hospitality sector. The recovery of hotels and return of profits by their owners spells one thing to investors: some return to certainty. In fact, the value of deals in hotels so far this year is three times greater than the value of those for all of 2020.
Of course, last year was the nadir for the industry because of the pandemic, and nobody really expected a return to the blockbuster deals of just a few years ago even in a full recovery, but the momentum is picking up on buyouts.
The Hyatt-Apple deal represents one of eig
