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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.
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. The post Exclusive: Langham signings on the up as luxury market remains robust appeared first on Hotel Management.
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.
Scott Boyes, Trilogy Hotels Sydney leads the recovery charge with occupancy at 78% and RevPAR growing to an impressive $215, making this market our standout performer. 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 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.
Increased capacity from core markets including China, India, Southeast Asia, North America and the Middle East is expected to drive a continued recovery in international arrivals, reinforcing aviation’s role as a critical lever for tourism and hotel sector growth,” said CBRE’s Head of Hotels Research, Ally Gibson. “As
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).
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.
If you arent marketing your business on social media, youre missing out on a huge opportunity to build your brands success. However, data insights can actually help you create authentic and engaging social media marketing strategies that build customer trust and enhance brand reputation. However, there are a few ways to go about this.
The 19-storey development at 30-32 Palmerston Crescent, designed by Hayball Architects and constructed by Roberts Co., Hyatt House caters to extended-stay travellers, who are a growing segment across markets. will be home to the 97-key Hyatt House South Melbourne, complete with all-day lounge on the ground floor.
Opportunities abound in the Fijian hotel market – that was the message to the more than 350 hotel industry leaders that gathered at Sofitel Fiji Resort and Spa this week for the AHICE Fiji Islands Investment in Tourism Summit. It is a time for connection, of alignment and of shared opportunity,” Seeto said. Fiji is open for investment.
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. lodging market. hotel construction pipeline hits 749K rooms at Q1 2025 close appeared first on hotelbusiness.com. The post U.S.
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.
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. We’re actively working with investors to unlock value in these markets.
Notably, Brisbane, Perth and the Gold Coast were the only markets to record pre-pandemic rates across all three performance indicators, said CBREs Australian Head of Hotels Research, Ally Gibson. 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.
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.
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).
Driftwood Capital has secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE) financing for its signature Westin Cocoa Beach Resort & Spa on Floridas Space Coast. The company also secured a $50 million credit facility from Amerant Bank at the holding company/fund level.
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.
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.
Louis, MO/IL ranked first in the top 25 markets with year-over-year (YOY) meeting and events growth at 125.8%, according to December monthly data findings released by Knowland by Cendyn. However, the bigger story is Louisville, KY, which led in secondary markets with 135.6% Nashville came in second with growth at 28%. The total sq.
A private, tropical paradise in Queensland’s Whitsunday Islands is the latest in a line of luxury island development sites to hit the market. South Molle Island is the latest luxury island offering to hit the market with Long Island, Lizard Island, Dunk Island and Hook Island all finding new owners over the past four years.
growth in international markets. from year-end 2023, as the company added roughly 109,000 net rooms globally during 2024, including more than 45,000 net rooms in international markets. More than half (55% of rooms in the year-end pipeline are in international markets. Marriott International Inc. growth in the U.S. &
The Q4 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) has revealed that the global hotel construction pipeline continues its upward trajectory, reaching a new all-time high project count with 15,820 projects/2,438,189 rooms, a 4% increase in projects and a 3% increase in rooms year-over-year (YOY).
TORONTO Canadas hotel investment market saw significant growth in 2024, with total transaction volume reaching $2 billion, a 16 per cent year-over-year increase, according to Colliers INNvestment Canada Hotel Report Q4 2024. per cent to total supply. ADR growth is forecasted at 1.7 per cent inflation. travel is anticipated.
The AU$120 million waterfront hotel is currently under construction, with Dickson’s appointment marking its first hire. Paul Andarakis W Sydney appoints Director of Sales and Marketing Paul Andarakis has joined W Sydney this month as Director of Sales and Marketing.
The South accounts for more than 51% of all rooms under construction, driven by travel and investor demand in the Sunbelt. Regional highlights: The Northeast and Central regions led the country in occupancy growth at 1.3%, as cities like New York, Chicago and Nashville benefited from both leisure and business travel.
Second quarter operating results The comparability of the company’s second quarter results is impacted by marketing fund variability. per share related to marketing fund variability (after estimated taxes). Key highlights include: Awarded 229 new contracts, an increase of 40% year-over-year. 6% pipeline growth in the U.S.
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.
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. Europe, and Asia Pacific, including gateway cities like New York, London, Paris, and Rome.
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.
With that being said, we believe the economy in our largest market is set up for better growth over the intermediate term, which should accelerate travel demand and, when paired with low industry supply growth, unlock stronger RevPAR growth. Highlights include: Diluted EPS was $1.84 billion and $1.68 billion and $3.71
We also delivered the highest number of approvals, construction starts and openings in our history in 2024, helping us achieve net unit growth of 7.3%. During the quarter, the company continued to expand its portfolio in the Asia-Pacific market, surpassing 1,000 hotels in the region. 31, 2024, representing growth of 8% from Dec.
The brand’s current pipeline includes three under-construction hotels totaling more than 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriott’s global regions over the next decade.
CPACE programs, long supported by energy efficiency and sustainability goals, are seeing broader market adoption. Closing the funding gap The banks’ tightening of construction lending has created a gap in the capital stack, and CPACE is emerging as a critical tool to bridge that gap with flexible, borrower-friendly terms.
As we grow our global footprint, we’re focused on markets that reflect our values – places where nature, culture, and innovation converge in meaningful ways. “The opening of 1 Hotel Melbourne marks a powerful moment for our brand as we expand in the Asia Pacific region,” said 1 Hotels Founder and Starwood Hotels Chairman, Barry Sternlicht. “As
Hotels should also consider the impact of on-property renovations or nearby construction projects and how that may impact air quality. Track the guest experience Hotel leaders rarely have the time to visit each guestroom, particularly at large properties or in busy markets.
Island Hospitality Management has been selected as the management company for the under-construction TownePlace Suites San Jose, which will be located in downtown San Jose. The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University.
Following the implementation of our proprietary management and marketing systems, we are confident the hotel will take its rightful place as the destination of choice for business and leisure travelers to southwestern Pennsylvania. The pet-friendly hotel is adjacent to The Meadows Racetrack and Casino and across from Tanger Outlet.
Jared Saft , an 18-year veteran of Westgate, has been promoted to chief business & strategy officer and will continue to lead marketing, hotel sales, product development and owner services, while also overseeing the company’s long-term growth strategy. Heather Tritchel and Sam King have been promoted to SVPs, specialty marketing.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. We have seen it over the last decade of personalization and just the rise of obviously digital marketing and social media. So that’s under construction, at the moment, and then another Northeast property.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. So the three that you mentioned, hospitality, travel, and wellness, are the markets that I have the privilege of running. I mean, the market’s in an interesting spot. I’m your host, Ryan Embree.
Construction Pipeline Trend Report from Lodging Econometrics (LE) has revealed that Dallas is leading the nation’s hotel construction pipeline with a record-breaking 204 projects totaling 23,669 rooms. Dallas continues to dominate planned construction starts anytime within the next 12 months with 78 projects (8,856 rooms).
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