The select service segment of the US lodging sector had a remarkably strong year in 2015, with nearly $12 billion in transaction volume, the rise in liquidity was driven by portfolio deals, which accounted for two thirds of transaction volume.

Values also continued to increase in 2015 with the average price per key for select service acquisitions rising to $100,000 â€" a record setting figure.

Notwithstanding the slowdown in transaction volume and operating fundamentals, the results of JLL’s recent U.S. Select Service Hotel Investor Survey reveal that the majority of investors have a positive outlook for the sector.

Investors are being more cautious, which is substantiated by the 55% decline in YTD September 2016 transactions relative to the same period in 2015 and overall transaction volumes returning to normalized levels.

Accordingly, JLL projects select-service transaction volume to reach approximately $5 billion in 2016. 

The following report summarizes the big questions facing select service hotel investors today. 

Read the full report here.