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U.S. hotel construction pipeline hits 749K rooms at Q1 2025 close

Hotel Business

hotel construction pipeline is being driven in large part by the introduction of more than 120 new brands since 2017 and focused development in two high-performing segments: the upper-midscale chain scale and extended-stay accommodations. hotel construction pipeline hits 749K rooms at Q1 2025 close appeared first on hotelbusiness.com.

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Exclusive: Trilogy Hotels closes first year with 13 hotels and big ambitions for 2025

Hotel Management

We can negotiate large-scale contracts in the owners favour and save a lot of money as a result. At that time, Mercure Sydney was the largest Mercure in the world, so to move that property from an established HMA to a franchise agreement under an independent operator it hadnt been done before in the market, certainly not on that scale.

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Castle Peak closes on $315M opportunistic vehicle

Hotel Business

Castle Peak Holdings , the investment firm behind the Trailborn hospitality brand, has closed on its second vehicle with total committed capital of $315 million raised over a four-month period. The post Castle Peak closes on $315M opportunistic vehicle appeared first on hotelbusiness.com.

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Driftwood Capital Closes Latest Fund for Development on Florida’s Space Coast

Lodging

MIAMI, Florida—Driftwood Capital announced the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets in Florida’s Space Coast.

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‘End of an era’: Hyatt Regency Perth to close next month as owner eyes new hospitality direction

Hotel Management

Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction. The completion of an integrated township, Opus Bay in Batam, Indonesia, will further add to the company’s hospitality arm.

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LE: Record number of projects in U.S. construction pipeline

Hotel Business

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. LE analysts report that the upper-midscale chain scale continues to have the largest project count in the U.S. This marks a new all-time high for projects in the U.S.,

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LE: APEC construction pipeline reaches new highs in Q3

Hotel Business

At the close of Q3, the total APEC hotel construction pipeline reached new record highs of 2,072 projects and 410,863 rooms, representing year-over-year (YOY) increases of 7% and 3% respectively. The upper-upscale, upscale and upper-midscale chain scales account for 61% of projects and 64% of the rooms in the pipeline.