This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Hotel Construction Pipeline Trend Report, the total pipeline has expanded to 6,376 projects encompassing 749,561 rooms—representing a 5% increase in projects and 7% growth in rooms compared to Q1 2024. hotel construction pipeline hits 749K rooms at Q1 2025 close appeared first on hotelbusiness.com. The expansion of the U.S.
The “hotly contested sale process”, managed by agents Stonebridge Property Group and HTL Property, saw in excess of 300 enquiries, and over 20 formal offers received at the close of first round bids.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. At the close of the third quarter, there are 1,185 projects/148,716 rooms under construction, marking an 11% increase in projects and a 6% increase in rooms YOY. construction pipeline appeared first on hotelbusiness.com.
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).
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).
markets stand out for their active under-construction hotel projects. The post LE: Dallas leads nation’s hotel construction boom appeared first on hotelbusiness.com. According to the Q3 2024 U.S. These top five markets combined account for 732 projects/88,904 rooms. In Q3, five U.S.
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).
Construction is underway, with the property expected to open in late 2026. The post Voyage Capital closes on acquisition/construction loan for Denver AC Hotel appeared first on hotelbusiness.com. The project will feature a 146-key, seven-story, approximately 75,000-sq.-ft. A special thank you to Michael Harper and Peter Laack.
On August 1, 2025, 1834 Hotels will assume full operational management of Kingfisher Bay Resort and K’gari Beach Resort, taking its national portfolio to more than 4,000 keys open or under construction. 1834 Hotels will work closely with current resort teams during the transition process to maintain service continuity for guests and staff.
Dallas-based HALL Structured Finance (HSF) has closed on a first-lien construction loan totaling $41.13 Working with HALL Structured Finance was an excellent experience for our team, from the time of signing the LOI to closing the loan was within the timeline first communicated to us, said Uphoff Ventures CEO Steve Uphoff.
Dezign, the renowned design and construction studio behind the project, utilized its signature methodology to deliver this remarkable transformation. With this refurbishment, we worked closely with the team at Accor Vacation Club to ensure every detail was thoughtfully executed.
According to the recent Construction Pipeline Trend Report by Lodging Econometrics (LE) , the Asia Pacific, excluding China (APEC), hotel construction pipeline hit an all-time high at the Q4 2024 close, climbing 5% year-over-year (YOY) to reach record counts of 2,085 projects/412,358 rooms.
The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI, and includes an earn-out structure for future proceeds based on performance. Trailing net operating income increased meaningfully from marketing through closing.
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. The closing of the transaction is subject to various customary conditions, including U.S.
At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. Following closing, the citizenM portfolio will become part of Marriott’s system, with the hotels owned and leased by the seller subject to new long-term franchise agreements with Marriott. regulatory approval.
The latest Hotel Construction Pipeline Trend Report for Canada from Lodging Econometrics (LE) shows the country’s total pipeline has reached new all-time-high project and room totals at Q1 2025, with 341 projects accounting for 47,426 rooms. The upscale segment showed strong growth with 66 projects/10,842 rooms, up 14% and 34% YOY.
AHICE Fiji: as it happened AHICE Fiji Islands, hosted by HM Magazine and co-hosted by Tourism Fiji and Investment Fiji, commenced on the evening of Tuesday June 24 with close to 50 delegates attending a unique Winemaker Dinner in partnership with De Beaurepaire Wines.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the second quarter, there are 6,280 projects with 737,036 rooms in the pipeline. At the close of the second quarter, there are 1,120 projects comprising 138,776 rooms under construction. construction pipeline. growth rate.
Island Hospitality Management has been selected as the management company for the under-construction TownePlace Suites San Jose, which will be located in downtown San Jose. The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University.
Sixty percent of all 2024 hotel trades were valued under $10 million, and 43 per cent closed for less than $5 million, reflecting investor interest in smaller markets with attractive yields. Currently, 10,000 rooms are under construction across the country, with 60 per cent of those expected to open within the year, adding approximately 1.3
Closing the funding gap The banks’ tightening of construction lending has created a gap in the capital stack, and CPACE is emerging as a critical tool to bridge that gap with flexible, borrower-friendly terms. Hotel developers, in particular, are leveraging CPACE to offset rising construction costs and inflationary pressures.
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).
Award-winning Czech architect Petr Kolar was inspired by this namesake, and the 47 stylish villas were constructed to form the head of the turtle with the island itself creating the body – seen by guests making the 45-minute private sea-plane journey from Mal.
He champions company culture, collaborating closely on personal development and HR issues. Paul Bevan, Partner, Foster & Partners Image credit: Foster & Partners Paul Bevan is an accomplished project management professional with more than 14 years experience managing high-profile international construction projects.
” The hotel is close to Seattle’s waterfront, the Space Needle, Pike Place Market, the Climate Pledge Arena and Amazon’s headquarters. Additionally, more than 70% of construction waste was diverted from landfills. Upon arrival, guests are welcomed by a driftwood sculpture by local artist Alison Stigora.
Originally constructed in 1926 as the Louisiana Masonic Temple and one of the city’s earliest skyscrapers, the property is listed with Historic Hotels of America and offers 24 suites, 32 Executive Level rooms and expansive corner guestrooms.
The propertys 2025 results are expected to be impacted by construction disruption related to the meeting space renovation currently underway and ongoing through the third quarter. The sale is set to close in the second or third quarter of 2025. The purchase price represents a 12.7x Terms of the transaction are not being disclosed.
Market challenges “It’s been probably one of the most challenging periods of time in Australian history to develop property,” Sanjana said citing the pandemic, planning hurdles, record high construction pricing, rising interest rates and inflation. “We
And albeit with operational costs going up, construction costs going up in some, in some markets in some ways. The View has just reopened after five years of being closed, which is the rotating restaurant up on the 48th floor, if I’m not mistaken. So, a lot of fascinating things. So in speaking of engagement, right?
The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI and includes an earnout structure for future proceeds based on performance. Fully opened in April 2024, that expansive resort features 254 guestrooms, five food & beverage outlets and the 60,000-sq.-ft. Beach Club.
Mitchell stayed on top of every item that arose during escrow and was always available, allowing me to focus on closing the deal. Originally constructed as a bank building in 1905, the property was converted into a 110-room luxury boutique hotel in 2002 and underwent significant renovation and rebranding around 2018-2019.
Leisure attractions and sports tourism drive significant travel to the area, and the hotel is close to the Florida State Fairgrounds, Busch Gardens Tampa Bay, The Florida Aquarium, ZooTampa at Lowry Park, the Tampa Riverwalk, Amalie Arena, Raymond James Stadium, George M. Steinbrenner Field and Tropicana Field.
Through in-depth archival research and a close collaboration with the Landmarks Preservation Commission, SOM preserved the integrity of the original 1931 design of the property. In the new reception area, the same marble used for the historic Peacock Alley columns was employed to construct the fireplace.
Beyond creating numerous construction jobs, these hotels are expected to generate substantial long-term employment opportunities, boost tourism, and support local businesses through increased visitor spending. “As With a combined $1.47
Highlights for the year included opening three newly constructed hotels totaling 435 rooms, as well as completing approximately $15.3 Additionally, the company has begun selectively seeking strategic partnerships with other hotel ownership groups. million in renovations across four of our Marriott-branded hotels.
They’re better able to price to risk, structure to fit each unique deal and close with speed and certainty. Private credit works particularly well in transitional situationsassets coming out of renovation, new construction projects, recapitalizations or any deal that doesn’t neatly fit into the traditional lending “box.”
The newly constructed, luxury, full-service asset is the first non-gaming hotel by Caesars Entertainment in the U.S. With more than $500 million in closed loans together, we deeply appreciate both their partnership and friendship. Walker & Dunlop Inc.
An all new-construction brand, WoodSpring offers longer-term guests a welcoming environment and spacious, smartly designed suites with in-room kitchens at affordable weekly and monthly rates. ” With 265 locations open across the U.S. Receive daily leadership insights and stay ahead of the competition.
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 (LEs) Q1 2025 Hotel Construction Pipeline Trend Report for China reveals that the construction pipeline stands at 3,704 projects/670,185 rooms, which is down slightly from the peak project total Chinas pipeline reached in Q3 2024. Shanghai follows with 131 projects/24,733 rooms.
Bobs LEGIT takes additional factors into consideration, including the environmental impact of construction materials, cleaning services, toiletries, food and drink consumables, waste and water and furnishings. HCMI has been widely praised for helping operators take a vital first step in carbon measurement.
HALL Structured Finance has closed on a first-lien construction loan totaling $53.5 million to develop the MTN Scout Hotel, a full-service Tribute Portfolio hotel in Truckee, CA. The property is projected to open in August 2027.
The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content