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In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. Hotel Construction Pipeline appeared first on LODGING Magazine.
As seen in the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , at the close of 2025s first quarter, the region’s total pipeline stands at 1,683 projects/247,472 rooms. The post LE: Nearly half Europe’s pipeline currently under construction appeared first on hotelbusiness.com.
According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE) , Canadas total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust growth of 13% for both projects and rooms year-over-year (YOY).
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) finds that, at the close of the first quarter of 2025, the top five markets with the largest hotel construction pipelines are led by Dallas with 203 projects/24,496 rooms, a new all-time-high room total representing 9% project and 11% room growth year-over-year (YOY).
The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. Europe, and Asia Pacific, including gateway cities like New York, London, Paris, and Rome.
The Q1 2025 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals that at the close of Q1, the hotel construction pipeline in the region increased to 634 projects/158,656 rooms, up 4% by projects and 10% by rooms year-over-year (YOY).
Marriott International has reached an agreement to acquire the lifestyle, select-service brand citizenM. At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. These payments would not begin until the fourth year following closing.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the market with the largest hotel construction pipeline by projects is Dallas with a record high count of 176 projects, accounting for 20,790 rooms. construction pipeline. According to the fourth-quarter U.S. growth rate. growth rate.
According to the Q2 2023 United States Construction Pipeline Trend Report by Lodging Econometrics (LE), at the close of the second quarter, the hotel construction pipeline stands at 5,572 projects/660,061 rooms, with projects up 7% year-over-year (YOY) and rooms up 6% YOY. construction pipeline. increase in new supply.
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. construction pipeline at Q1. construction pipeline at Q1.
Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. Dallas has 25 projects/3,739 rooms, while Phoenix has 24 projects/5,155 rooms projects presently under construction.
Evolving guest preferences continue to shape our strategy in each of our markets, and our clear and distinct brand architecture featuring 10 unique brands are designed to be relevant to both owners as well as our guests. What SEAP markets are a key focus for Radisson Hotel Group and why?
A joint venture partnership between property developer Time and Place and MaxCap Group, the 188-room hotel marks the creation of a unique hotel brand, the Hannah St. Hotel, which will operate under the Collection by TFE Hotels brand. Price said the Collection by TFE Hotels brand was a natural choice for the project.
The Ascott Limited’s co-living brand lyf is eyeing its third location in Australia, with a new property in Sydney expected to be announced soon. Earlier this week, Ascott Australia Managing Director, David Mansfield, welcomed over 100 guests to discover the brand at an event at lyf Collingwood Melbourne.
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE) , China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of the fourth quarter of 2024, showing minimal change year-over-year (YOY).
Over the last 12 months, new hotel construction projects, announced renovations and brand conversions continued to grow, with renovation and conversion activity hitting record highs quarter-over-quarter (QOQ). Renovation and brand conversion activity in the U.S. This activity is showing no signs of slowing.
Whether you’re looking for the most popular luxury brands or the most sustainable, having a list in front of you makes it easier to compare your options. What goes into ranking a brand? The luxury brands are then assigned a rank based on how well they adhere to this criteria. What Is a Luxury Brand?
Construction of the 206-room Hobart hotel, which is within walking distance of the CBD, is at an advanced stage, according to Hilton. With the property situated closely to the CBD and the waterfront, our guests will have the best of Hobart right at their doorstep.”
According to Lodging Econometrics ’ (LE’s) Construction Pipeline Trend Report for Q1 2023, the hotel construction pipeline in Latin America, quarter-over-quarter, has increased 2% by projects and 3% by rooms. Of the 546 projects/90,193 rooms, 226 projects/40,034 rooms are under construction throughout Latin America.
Arriba Capital recently closed a $52.5 million ground-up construction loan for a Holiday Inn Express and Staybridge Suites dual-brand property in the central business district (CBD) of Houston. The post Arriba Capital closes $52.5M construction loan for Houston hotel appeared first on hotelbusiness.com.
Highlights for the year included opening three newly constructed hotels totaling 435 rooms, as well as completing approximately $15.3 million in renovations across four of our Marriott-branded hotels. Additionally, the company has begun selectively seeking strategic partnerships with other hotel ownership groups.
Construction marketing is a must, as digital marketing resource WebFX reports that seven million people per month will use Google to search for contractors. What is marketing for construction companies? Marketing services can assist construction businesses in achieving their goals. What Is Construction Marketing?
As reported in the recently released Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), at the close of Q1 2023, the country’s hotel construction pipeline stands at 283 projects/37,683 rooms. Canada’s total construction pipeline increased 10% by projects and 5% by rooms year-over-year (YOY).
The Q1 2024 LE Market Trend Report for the market highlights that Charlotte has a total of 67 hotel projects and 7,772 rooms in the construction pipeline, positioning it 15th among the top 25 U.S. Within the Charlotte market, at the close of the first quarter, hotels under construction stand at 11 projects/1,435 rooms.
million in construction financing for the development of the 215-key, dual-branded Marriott Courtyard Residence Inn in Sand City, CA. The hotel will also include an epicurean experience with an independently branded restaurant and bar. in construction loans for CA dual-branded hotel appeared first on hotelbusiness.com.
The Crystalbrook Sam project will create over 100 new jobs during the construction period, and an estimated 120 new jobs once the hotel is operational.” Today is an important milestone as we commence construction on our first hotel development for the Samaras Group,” said Group Chief Executive Officer, Chris Samaras. “We
Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in the construction pipeline at the close of the first quarter. The leading brands by project count for the three companies with the largest pipelines in the U.S.
LivAway Suites has initiated construction on its newest location in Surprise, AZ, marking the brand’s third hotel in the state over the last three months. ” The first three locations under construction in Tolleson, Glendale and now, Surprise, mark the beginning of LivAway Suites’ growth plans for the valley.
Lodging Econometrics (LE) reports that both Canada and Latin America saw growth in their respective hotel construction pipelines for 2022. At year-end 2022, projects presently under construction in Canada stand at 52 projects/6,593 rooms. Canada had 29 new hotels, accounting for 3,213 rooms open in 2022. room supply increase.
In the Q2 ‘23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238 rooms, up 3% year-over-year (YOY) by projects and 1% YOY by rooms. Across the globe, the top countries by project count are the U.S.,
According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report that at the close of the first quarter, the country’s hotel construction pipeline stands at 1,776 projects/266,901 rooms.
Hotel construction in the U.S. hit new historic levels in the fourth quarter of 2024, according to Lodging Econometrics (LEs) latest Hotel Construction Pipeline Trend Report. Projects currently under construction stand at 1,149 totalling 142,238 rooms, reflecting a healthy increase in projects YOY. PORTSMOUTH, N.H. The post U.S.
According to the most recent Construction Pipeline Trend Report for the U.S. by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stands at 5,704 projects/672,676 rooms, up 7% year-over-year (YOY) by projects and rooms. hotel construction pipeline. construction pipeline.
In the Q3 2022 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report the total construction pipeline stands at 548 projects/90,728 rooms, down 5% by projects and 12% by rooms, year-over-year (YOY). These five cities account for 21% of the rooms in the region’s total construction pipeline.
The conference presented a deep dive into the world of hotel design and construction, from humble lead-free tap fittings to the ground-up construction of state-of-the-art environmentally efficient buildings. Just because a hotel brand enjoys success in an overseas market, doesn’t guarantee its success in Australia.
The LCP Group LP , a vertically integrated, private real estate investment firm specializing in hospitality investing and lending, has originated construction financing for the Moxy Centennial Olympic Park, located in Atlanta’s downtown entertainment district. The hotel is scheduled to open during the second quarter of 2026. million-sq. -ft.
According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE), Canadas total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust growth of 13 per cent for both projects and rooms year-over-year (YOY).
The 76-key apartment hotel, at 373 High Street, is the first hotel brand to open in the town in more than a decade. Ours is the first new hotel brand to open in Maitland in over a decade and we’ve already experienced incredibly strong forward bookings, which demonstrates that level of untapped demand.” .
In 2024, construction started on 88,500 rooms, excluding acquisitions and partnerships, the highest level of construction starts in Hiltons history. Given the strength of our commercial engines, family of brands, and global network, we continue to feel good about our growth this year.
As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
The Europe Hotel Construction Pipeline Trend Report found that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,600 projects of 258,476 rooms. There are 790 projects currently under construction, and in the next 12 months a further 408 are planning to get underway.
As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
CIM Group , a community-focused real estate and infrastructure owner, operator, lender and developer, revealed that its CIM Real Estate Debt Solutions business closed on behalf of a CIM-managed fund a $34.97-million Opened in 2014, Aloft Tampa Downtown is a 130-key adaptive reuse of a former office building originally constructed in 1965.
In the Q3 2023 China Construction Pipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total construction pipeline reached a record high of 3,720 projects with 686,017 rooms, up 3% by projects and unchanged by rooms year-over-year (YOY).
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