Manhattan lodging properties sold for an average of $505,157 a room this year through Sept. 30, up from $344,799 for all of last year and $413,644 in 2009, according to research firm Real Capital Analytics Inc. At the 2006 peak, the average was $632,894. Meanwhile, companies including DiamondRock Hospitality Co. (DRH) and Hidrock Realty Inc. are building hotels for $300,000 to $450,000 per room. http://www.bloomberg.com/news/2011-...els-beats-buying-as-development-to-surge.html