Western hotel transactions see modest rebound in early 2025, led by Colorado’s high-profile trades

In the first half of 2025, hotel investing across select full-disclosure Western markets showed slight improvement, with total sales volume rising 11% year over year to $2.05 billion. Despite this uptick, volume remains well-below historical norms, as the scarcity of upper-tier properties on the market and challenging capital conditions continue to constrain overall deal flow.