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Lodging Econometrics: U.S. Hotel Construction Pipeline Reaches Historic Levels

Lodging

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.

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Construction underway on 97-key Nu By Yoo hotel in Melbourne

Hotel Management

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.

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Lodging Econometrics: Global Hotel Construction Pipeline Reaches All-Time High Project Count

Lodging

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).

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Lodging Econometrics: Dallas Continues to Lead U.S. Hotel Construction Pipeline

Lodging

The latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE) showed that Dallas is leading the nations hotel construction pipeline with a record-breaking 204 projects totaling 23,669 rooms. Hotel Construction Pipeline appeared first on LODGING Magazine.

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Construction of Oakwood Premier begins in Adelaide

Hotel Management

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.

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Cronheim Hotel Capital Secures Funds for Construction of AC Hotel Knoxville Downtown

Lodging

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.

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‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

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.