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With a new focus on global market diversification, the three-year pipeline over 285 new hotels and almost 47,000 keys will see the addition of more than 100 properties in Asia, more than 60 in the Middle East and Africa, and 40 in Australia and New Zealand.
hotel industry maintains a steady development pipeline, though current activity reflects a more cautious approach amid near-term challenges. 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 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).
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
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Accors luxury and lifestyle brands Sofitel, Sofitel Legend, MGallery and Emblems achieved record growth in 2024 with close to 90 hotels signed collectively. Now with a reignited pipeline, 32 new Sofitel hotels are to be opened over the coming years, expanding into key destinations such as Egypt, Vietnam, Portugal, Ireland, Mexico and India.
With the Brisbane Games just eight years away, the upscale property meets a need for four- and five-star full-service hotels in the region and will support a growing domestic and international tourism market.
Brands are always looking for new ways to create leads and close sales. While one of the influencer marketing challenges is that the total audience size is smaller, the number that does see it is much more likely to engage with such content, giving your message more visibility.
It is a market we know exceptionally well, through our long-standing operation of two of the city’s highest-performing resorts,” Crawford said, pointing to the success of JW Marriott Gold Coast Resort and Spa and Sheraton Grand Mirage Resort, Gold Coast.
The upscale property, located close to Darwin Entertainment Centre, will feature an all-day dining restaurant, meeting space, fitness centre and outdoor pool, with all guest rooms featuring self-contained kitchenettes. The broader IHG portfolio now includes 69 hotels in Australasia, with another 26 properties in its development pipeline.
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.
Bagley brings nearly 20 years of experience in the tourism and hospitality industry, spanning business development, product development, and B2B marketing. At Kelsian Group, he played a key role in tourism product development understanding customer needs and developing market-driven products.
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.
These top five markets combined account for 732 projects/88,904 rooms. markets stand out for their active under-construction hotel projects. Dallas also tops the list of markets with the most hotel projects in the early planning stage at Q3, with 91 projects that will add 10,652 rooms. According to the Q3 2024 U.S.
All three hotels reside in prime real estate locations within urban, high barrier-to-entry markets with strong demand drivers, according to the company. Hotel ZaZa Austin Downtown is close to Austins Central Business District with its dense corporate presence and acclaimed dining, retail and live music venues.
Advertisements “In Japan and globally demand for quick-to-market conversions to IHG’s brands and enterprise platform continues to be high. ANA Holiday Inn Kobe Sanda and ANA Holiday Inn Tosu will add two new destinations to the growing portfolio of 15 Holiday Inn open and pipeline hotels across Japan.
The New Zealand market is not without its challenges, and a unified approach to industry representation at government level could have a powerful impact, writes The Ascott Limited Managing Director – Australia, David Mansfield. Looking ahead, we have several exciting opportunities in the pipeline.
Closing of this transaction is expected in the coming months, with the hotel scheduled to open in 2029. Greg Hegarty, Co- CEO of PPHE Hotel Group , comments: “This site will be a great addition to our development pipeline as we continue to extend our portfolio and presence in the London market.
The fastest growing brand within IHG’s Premium collection, according to the company, voco achieved record development activity levels across openings and signings in 2024, with properties in more than 25 countries and further market entries in Türkiye, Malaysia and Aruba set for the next two years. to Australia, Singapore and the U.S.,
has closed on the sale of the 316-room Hyatt Centric Fishermans Wharf located in San Francisco for $80 million, or $253,000 per key. Park Hotels & Resorts Inc. The sale price represents 64x 2024 EBITDA of the hotel. Proceeds from the sale will be used for ongoing ROI projects in Parks portfolio and for other general corporate purposes.
” The hotel is close to Seattle’s waterfront, the Space Needle, Pike Place Market, the Climate Pledge Arena and Amazon’s headquarters. From the locally crafted furnishings to the reclaimed materials and moss art installations, every detail is designed to inspire both comfort and consciousness.”
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
The hotel will also expand IHG’s luxury and lifestyle portfolio in the market, adding to its existing 27* open hotels, including its existing four InterContinental properties – InterContinental London – The O2, InterContinental London Park Lane, InterContinental Edinburgh The George and InterContinental Dublin.
Image caption: Anthony Ingham | Image credit: Rosewood Hotel Group “I am thrilled to be joining the Rosewood team at a pivotal moment in the Group’s substantial growth phase, as it develops one of the most robust luxury pipelines in the industry,” said Anthony Ingham.
City Express by Marriott now has a presence in five countries, with an additional six markets and over 60 projects in the pipeline—underscoring its rapid growth and increasing impact in the midscale hospitality segment. In March, the brand officially debuted in the United States, with plans to expand into Canada.
Kalispell is a dynamic community, and were proud to play a role in bringing a fresh, extended-stay option that aligns with the needs of travelers and the local market. Located seven miles from Glacier Park International Airport, the hotel is close to Glacier National Park, Flathead Lake and Whitefish/Kalispells food and arts scene.
HALL Structured Finance has closed on a first-lien construction loan totaling $53.5 MTN Scout Hotel will be a one-of-a-kind boutique property within the Tribute Portfolio and a true game changer in the market, said Matthew Abbate, managing partner, Gray’s Crossing Hospitality. The property is projected to open in August 2027.
With more than 40 years of hospitality experience, our executives have closed on more than 40 transactions and have provided investment, advisory and/or asset management services for more than $3 billion of hotel real estate. Hotel amenities include a 24/7 fitness center, outdoor pool, business center and 576 sq. of event space.
Featuring 139 guestrooms and 36 branded residences, the upcoming, eight-story Four Seasons Hotel and Residences Charleston will be located in the city’s historic district, close to attractions and cultural sites including King Street, the Historical Charleston City Market and the Gibbes Museum of Art.
Being in close proximity to these healthcare hubs and reputable distribution centers, the company expects it to be the extended-stay hotel for employees on work travel, distribution center trainees, travel nurses and healthcare patients. The post LivAway Suites breaks ground in Arizona appeared first on hotelbusiness.com.
The new-build property features a brick exterior with metal panels and offers 63 guestrooms, free WiFi, a 24-hour My Store grab-and-go market, on-site laundry and a computer with printing services. It was designed by The Richardson Design Partnership.
Hyatt is thrilled to expand its Hyatt Centric brand in the urban markets that our guests and World of Hyatt members seek most, particularly in vibrant city centers like Cincinnati, known for its rich culture and close community, said Dan Hansen, global head of Americas development, Hyatt.
growth in international markets. Our international markets experienced particularly robust growth, with RevPAR increasing nearly 6%, led by double-digit gains in APEC. At the end of the quarter, Marriott’s worldwide development pipeline totaled approximately 3,800 properties and more than 587,000 rooms, up 7.4%
In this role, she oversees global capital market activities and hotel financing, financial strategy and capital allocation, financial risk management and global capital transactions and treasury services. & Canada division; SVP, IT business partnership & planning; and SVP, sales & marketing planning support.
The four-story, 124-room property expands the Extended Stay America Premier Suites brand in the high-growth Chandler market, located within the Greater Phoenix metropolitan area. Opening our first ESA in a dynamic market like Chandler checked all the boxes for us. The hotel was developed by Concord Hospitality and Whitman Peterson.
The project is part of an ongoing effort to spur economic growth in the York market, which has a heavy concentration of manufacturing facilities and is already experiencing rapid residential growth. The city, county and state have all worked closely with Raines on the project by contributing various economic incentives.
The opened properties, located in Imperial, CA; Pigeon Forge, TN; and Spokane, WA, and upcoming groundbreakings in O’Fallon, MO, and Bend, OR, introduce Cambria into new markets and build on Choice’s goal to bring the brand to more regions nationwide. The boutique property has 108 rooms, 2,050 sq.
Situated near the intersection of Highway 24 and I-295, and the closest hotel to the main entrance of Fort Liberty, the property meets market demand and serves Fayetteville, a growing hub for defense, industrial and healthcare sectors, according to the company. .” Everhome Suites Fayetteville has 114 rooms.
The hotel will be located close to Bryce Canyon National Park. With strong travel demand, limited new supply and favorable market tailwinds, well-located, newly developed assets are positioned to outperform their competitive set, said Greene. Peachtree originated $16.95 The hotel is expected to be completed by mid-2025.
Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Dallas emerged as the strongest market, leading the nation with a record-breaking 193 projects/22,291 rooms, signifying Dallas’s growth and confidence in the hospitality sector. In the ever-changing landscape of the U.S.
According to the recent Q2 2024 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines were led by Dallas with 189 projects, just four projects shy of its record-high at the end of Q4 2023 and a new record-high 22,392 rooms.
Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines were led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. The recent U.S.
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