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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.
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.
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.
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.
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.
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.,
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.
Since the pandemic, when various hotels were temporarily closed down for extended periods, financiers have begun to place increased scrutiny on hotel management agreements, while revealing an increased appetite to finance new hotel projects with proven operators who are prepared to underpin income with a lease structure.
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. Countries in Europe with the greatest number of projects in the pipeline at Q1 are led by the U.K. with 288 projects/41,338 rooms.
Their attention to detail and ability to deliver a project of this scale on time and to such a high standard has been exceptional. With this refurbishment, we worked closely with the team at Accor Vacation Club to ensure every detail was thoughtfully executed.
Driftwood Capital has revealed 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 along Florida’s Space Coast. With 111 launches expected in 2024, according to Florida Lt.
The Sebel Palm Cove “By selling the business to a trusted and proven operator with significant scale, we will be able to grow the business and continue to drive outstanding hospitality experiences for Accor Vacation Club members.” The acquisition creates a new line of business for Travel and Leisure Co.
Shaking up the mid-scale hotel market, Hilton has announced the acquisition of Graduate Hotels for a cool $210 million. The deal is expected to close in the second quarter of 2024, subject to regulatory approvals.
At the close of the first quarter, there are 872 projects/198,640 rooms under construction throughout the region, a 1% YOY increase in projects. Standout chain scale segments in the APEC region at the Q1 close include the upscale chain scale with a new record-high room total of 519 projects/103,815 rooms, up 9% by both projects and rooms YOY.
Forever challenging its own standard of excellence, Velaa Private Island will close for a month in September for a complete renovation of The Kids Club, known as “Lha Velaa”, or “Little Turtle” in Dhivehi. Inspired by the owners daughter’s imagination, the new area will bring everything a child could wish for.
The developer-friendly model offers a range of flexible monetisation options, allowing developers to scale and refine their innovations based on real-world use cases. Ulrich Pilau, CEO of Apaleo said : “For too long, hospitality has been trapped in outdated, closed software systems that stifle innovation.
Canary Technologies has closed an $80 million Series D round of funding to accelerate the company’s global expansion as a leader in hospitality AI. Through intelligent, enterprise-grade solutions, we’re helping hotels run smarter, deliver faster service and create more personalized guest experiences at scale.
We look forward to working closely with Heritage Hotels and the local team to build on their stellar reputation with the continuation of a refurbishment programme across the portfolio,” Ritch said. Adina Citylife Auckland Penthouse Suite The partnership comes as New Zealand’s overseas visitor arrivals climb to 3.22
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).
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.
We had a two-speed network, and discrepancy in scaling credibility and scaling luxury,” she said. Chief Operating Officer of Sofitel, Emblems and MGallery, Markus Keller, also has a close connection to the property having served as Front Office Manager at the Wentworth hotel 20 years ago.
On April 1, the Sunray Singapore-owned hotel closed its doors to commence an full-scale refurbishment project, after which it will reopen as QT Singapore. Since securing the management contract in December 2023, EVT has been operating the hotel at full capacity.
The upcoming Beacon location represents what company executives describe as a milestone both in scale and historical significance. Founded by the Dowers in the late 1990s, The Mirbeau Companies began with a vision of offering close-to-home escapes that addressed the stresses of modern life. That’s the core of the Mirbeau experience.”
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).
At the close of the first quarter, China has 2,752 projects/490,897 rooms under construction, 316 projects/55,287 rooms are scheduled to start construction anytime within the next 12 months, while 636 projects/124,001 rooms are in the early planning stage. Shanghai follows with 131 projects/24,733 rooms.
The existing product set of resorts and boutique island resorts, enables Fiji to welcome close to 1 million tourists annually, but there is opportunity right across the spectrum – from large-scale resorts to boutique luxury and business and conference hotels. Now is definitely the right time for investment in Fiji.
We had a two-speed network, and discrepancy in scaling credibility and scaling luxury,” she said. Chief Operating Officer of Sofitel, Emblems and MGallery, Markus Keller, also has a close connection to the property having served as Front Office Manager at the Wentworth hotel 20 years ago.
Hilton Laval, a flagship hotel of Groupe Hôtelier Grand Château, is about to undergo a full-scale renovation and re-branding. These include a library that can be closed off for private meetings, and a hall inviting guests to take a breather in an inspiring setting. LAVAL, Que. will join Marriott Bonvoy’s Tribute Portfolio family.
There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. Leading the next phase of development and growth of Lyf is Adeline Phua, who has been appointed Managing Lyf Partner.
Projects in early planning also experienced significant growth at Q4 with a 19% increase by projects and 9% by rooms YOY, to close the quarter with 170 projects and a record-high 21,273 rooms. By chain scale, upper-midscale hotels dominate with 132 projects/14,039 rooms, representing 40% of the total projects and 32% of rooms in the pipeline.
Yet, despite the scale, much of the market still relies on on-premises property management systems. For RMS , the entry point was the budget and mid-scale segment a space less dominated by global tech giants and more open to change. Good service spreads fast, especially in such a close-knit sector where everyone knows everyone.
At the close of the second quarter, there are 1,171 projects comprising 147,611 rooms under construction, marking a 10% increase in projects and a 4% increase in rooms YOY. The second largest is the upscale chain scale, which has 1,417 projects/175,343 rooms. The upscale chain scale is forecasted to grow its current supply by 2.2%
Having a successful history operating our own portfolio has allowed us to become one of the largest internal operators in the industry, and we look to share our best practices; economies of scale and proprietary management; and marketing systems with like-minded owners and partners.
At the Q4 close, projects currently under construction stand at 946 projects/210,559 rooms, up 5% by projects YOY. Projects in early planning reached a record count at Q4, closing the quarter at 640 projects/127,918 rooms, up 20% by projects and 14% by rooms YOY.
This disproportionate growth between project count and room numbers suggests a trend toward smaller-scale developments. By chain scale, upper-midscale hotels lead the pipeline with record numbers: 135 projects (14,219 rooms), representing 41% of total projects and 35% of rooms.
Strong financial leadership is foundational to the way we scale our operations while driving strong revenue and elevating the guest experience,” said Kyle Hughey, CEO, Charlestowne Hotels. She will also partner closely with hotel ownership groups and on-property teams to ensure collaborative, transparent financial stewardship at every level.
At the close of the third quarter, there are 2,793 projects/505,106 rooms under construction in China, a cyclical peak, and up 5% by projects and rooms YOY. The upscale chain scale ended Q3 with 1,026 projects/224,688 rooms, up 14% by projects and 9% by rooms YOY.
At the close of the third quarter, projects presently under construction stand at 320 projects/87,149 rooms. Seventy-two percent of its pipeline is concentrated in the three highest chainscales: luxury, upper-upscale and upscale, which typically boasts larger scale projects.
Scale That Works for Hotel Owners In a competitive high-cost landscape, scale and attracting more and different customers are essential. From negotiating reduced OTA fees and leveraging Choice’s scale with suppliers, the company delivers tangible results for its franchise owners.
While in Philippines, we closed the year with a further two new signings that will launch the Radisson Collection brand in Boracay, and the Radisson Individuals affiliation brand in Bohol. What makes Radisson Red and Radisson Collection suited to this market? What segments are primed for growth in this region?
Its a strategic asset for hotels seeking to scale personalized service and optimize commercial performance. Asksuites AI Reservation Agent: Real Impact at Scale With over 5,000 hotels worldwide, Asksuites AI Reservation Agent is helping hotels open more conversations and close more reservations. billion by 2026. The result?
At the close of Q1 2023, the pipeline stands at 546 projects/90,139 rooms, down slightly 3% by projects and 2% by rooms year-over-year (YOY). Early planning is up 11% by projects and 15% by rooms YOY to stand at 160 projects/24,218 rooms at the close of the first quarter.
Additionally, SD-WAN enables centralized orchestration, so IT teams can manage networking policies across multiple properties from a single interface ideal for chains and franchises that need uniform performance at scale. This hybrid approach cloud plus edge ensures both performance and scalability.
The portfolio of midscale hotels is purposely located in the epicentre of their cities and close to mainline rail stations. We aim to bring this expertise into the mid-scale market, driving superior returns for our investors by delivering a differentiated and high-quality experience.”
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