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Hotel construction in the United States hit historic levels in the fourth quarter of 2024, according to Lodging Econometrics‘ (LE) latest Hotel Construction Pipeline Trend Report. Projects currently under construction stood at 1,149 projects totaling 142,238 rooms, […] The post Lodging Econometrics: U.S.
Construction is underway on DCF Property Group’s $180 million First Light development in Melbourne’s Domain Precinct, which will be home to branded residences and the first Nu By Yoo hotel in Australia. The post Construction underway on 97-key Nu By Yoo hotel in Melbourne appeared first on Hotel Management.
The Q4 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) showed that the global hotel construction pipeline continued its upward trajectory, reaching a new all-time high project count with 15,820 projects/2,438,189 rooms, a 4 percent increase in projects and a 3 percent increase in rooms year-over-year (YOY).
hotel rooms under construction decreased year over year for a sixth consecutive month, according to CoStar’s June 2025 data. Hotel Construction Fell for Sixth Consecutive Month appeared first on LODGING Magazine. ARLINGTON, Virginia—The volume of U.S. “More than half of all rooms under development […] The post CoStar: U.S.
Construction is underway on a new Oakwood Premier property in Adelaide, with the countdown on to an opening within 12 months. Oakwood Epping in Melbournes north also commenced construction recently and is slated to open in March 2027. The post Construction of Oakwood Premier begins in Adelaide appeared first on Hotel Management.
Cronheim Hotel Capital (CHC) has secured $39 million for the construction of the AC Hotel Knoxville Downtown. The financing provides up to 75 percent of the total project costs on a non-recourse basis and incorporates a creative CPACE structure with future funding to minimize the total CPACE interest expense.
The over-sized suites, high specification of finishes and recent construction were all contributory factors to attracting the ‘who’s who’ of bidders and driving Sydney’s biggest hotel sale this year,” said Stonebridge Property’s National Director, Lincoln Blackledge.
Those same pressures, which are starting to subside, have interestingly bolstered performance and demand for luxury hotels due to the resulting construction slowdown and supply constraint. As such, expect to see lots of new and exciting luxury segment openings in this part of the world through 2026 and 2027.
“As these new services mature and inbound visitation continues to recover, the uplift in demand is expected to increase occupancy and RevPAR levels across key markets as Australia’s hotel development pipeline enters a sustained period of limited supply, driven by escalating construction costs and productivity constraints.”
MIAMI, FloridaDriftwood Capital has secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE) financing for its Westin Cocoa Beach Resort & Spa on Floridas Space Coast.
The broader development will also include residential apartments, alongside retail and commercial tenancies, with construction already underway. Bringing the first Marriott Hotel to Parramatta is a profound milestone for JQZ as we expand our portfolio and diversify our assets into the hospitality sector, said JQZ Chairman, Jianqiu Zhang.
While construction costs have tempered new developments, this has heightened the value of existing assets, particularly in supply-constrained markets. We’re also seeing strong performance in market mix diversity, where segments combine to offset the ups and downs of current economic and global conditions.
The 5,300 tonnes of CLT used in the construction of the hotel are a fifth of the weight of concrete and act as a carbon sink, offsetting around 4,200 tonnes of C02 from the atmosphere the equivalent to a years worth of carbon emissions from 130 homes, according to TFE Hotels.
Schwartzs proposal for the 590-room luxury hotel includes construction of two four-bedroom penthouses, one with a lap pool, above the existing executive lounge, with exclusive lift access.
The newly constructed 168-room property is located in the Pinnacle Hills neighborhood. This is Hospitality America’s second managed hotel in Arkansas, its sixteenth Hilton hotel, and one of 14 properties developed by Windsor Aughtry, with four more in the pipeline.
hotel industry is experiencing a significant downturn in construction activity, with the number of hotel rooms under construction dropping for the sixth consecutive month, as reported by CoStar's June 2025 data.
Looking ahead, there are 5,700 rooms under construction and set to open within the next two years. On the supply front, a total of 1,800 rooms were added to the market with delays and pipeline shifts pushing some planned hotel openings to 2025. More than half of the new supply (56%) is in the premium market.
Trent Conroy, Choice Hotels The Australasian greenfield development market continues to witness feasibility challenges, with elevated construction costs, inflation, and tighter lending conditions dampening new supply pipelines.
Rising hotel construction costs have only […] The post Why Alternative Capital Is Key to Unlocking New Development appeared first on LODGING Magazine. Higher interest rates further complicate the landscape, forcing developers to pursue creative capital solutions.
Full-scale construction has commenced on the development of Radisson Blu Mirage Resort Fiji, scheduled to open in 2026, with the project now funded by both the Fiji National Provident Fund (FNPF) and BSP Financial Group (Fiji) Pte Limited (BSP).
There are currently three CitizenM hotels under-construction hotels, totalling over 600 rooms, that are anticipated to open by mid-2026. Marriott International President and CEO, Anthony Capuano, said the acquisition will help support the companys growth in the select-service segment globally.
PROVIDENCE, RHODE ISLAND—Procaccianti Companies announced that it has obtained all required approvals to develop and construct The Bellevue Hotel, a 91-key luxury boutique property in Newport, Rhode Island.
Las Vegas Sands has started construction on an $8 billion resort and entertainment complex in Singapore, featuring a 55&storey hotel tower and a 15,000&seat arena.
In today’s climate of challenging construction costs, this surety of fixed income – along with added value for residents and hotel guests – is proving itself in a number of our new developments.
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.
After being reunited with her sisters in Australia, she took ad hoc jobs in farming and construction, working long hours for over eight months to support her family.
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.
The 19-storey development at 30-32 Palmerston Crescent, designed by Hayball Architects and constructed by Roberts Co., Hyatt Hotels extended-stay brand Hyatt House is gearing up for an Australian debut in May following the completion of Holder Easts AU$280 million Oasis Residences development in South Melbourne last month.
Additionally, of the rooms in the development pipeline, nearly half were under construction and more than half were located outside of the U.S. Outlook Full Year 2025: System-wide comparable RevPAR, on a currency neutral basis, is projected to be flat to an increase of 2% compared to 2024.
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. As seen in the Q2 2025 U.S.
The AU$120 million waterfront hotel is currently under construction, with Dickson’s appointment marking its first hire. General Manager appointed at Crowne Plaza Geelong John Dickson, a hotelier with over 20 years’ experience in managing hotels, has been appointed General Manager of Crowne Plaza Geelong.
Combining the historically protected Keidel home and Brockmann-Kiehne House with new construction, the hotel is named after the towns well-known architect and historical preservationist Albert Keidel and reflects his signature mix of grit and sophistication in its design.
Unlike traditional business travel programs focused on short er -term stays, Client Connect offers solutions tailored to construction crews, traveling nurses, military personnel and other professionals with extended stay requirements.
16 projects are currently under construction, set to deliver more than 2200 additional rooms, and there’s still room for more.” “Right now, we are experiencing one of the most exciting chapters in our tourism story,” Deputy Prime Minister Gavoka said. Arrivals are at record highs … and investment across the sector is accelerating. “16
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.
Designed to reflect the Victoria’s rugged landscape, the hotel welcomes guests with a dramatic rock wall in the lobby constructed from split-faced granite, an industrial by-product that reflects Victoria’s coastal geology. “From the moment you arrive, you feel like you’re part of the city.”
Raines Development is leading the development efforts, Garvin Design Group is the design and architecture firm for the hotel, with Mashburn Construction as the builder. The Lantern Hotel will be a signature property in Raines’ Woven portfolio, a collection of lifestyle hotels. The Lantern Hotel anticipates a fall 2025 opening.
So that’s under construction, at the moment, and then another Northeast property. So I think that’s gonna be bringing something really interesting to the neighborhood. We’ve got another project in Florida, a little north Florida, which is sort of where everything’s happening right now, which is great.
The AU$120 million waterfront hotel is currently under construction, with Dickson’s appointment marking its first hire. John Dickson, Crowne Plaza Geelong General Manager appointed at Crowne Plaza Geelong John Dickson, a hotelier with over 20 years’ experience in managing hotels, has been appointed General Manager of Crowne Plaza Geelong.
This collaboration brings modular construction solutions to stayAPT Suites, adding to the brand’s ability to expand while maintaining the standards of design that guests have come to expect. MATTHEWS, North CarolinastayAPT Suites announced a new franchise agreement with Capstone Stay, LLC, to develop five new hotel locations.
The signing of Conrad Los Cabos is a significant milestone for Hiltons expanding luxury portfolio in Mexico, said Hilton senior vice president, development, architecture, design and construction, Caribbean and Latin America, Juan Corvinos.
LivAway Suites has commenced construction on a new extended&stay hotel in Tucson, Arizona, marking its fourth location in the state within six months, with an expected opening in Summer 2026.
Construction is now underway, with an expected opening in the fall of 2026. CHATTANOOGA, TennesseeVision Hospitality Group, Inc. has broken ground on the new dual-branded Home2 Suites by Hilton and Tru by Hilton Lookout Valley in Chattanooga, Tenn.
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