hotel construction
Latin America Hotel Construction Surges, Pipeline Expands Over 10% Annually
Lodging Econometrics | October 31, 2024
Lodging Econometrics’ (LE) Q3 2024 Latin America Construction Pipeline Trend report signals growth for the region’s hospitality industry. The pipeline currently stands at 642 projects and 104,513 rooms, representing robust year-over-year (YoY) increases of 11% in project count and 10% in room count. Digging deeper into the pipeline data, LE’s report highlights several positive indicators. At the close of Q3 2024, Latin America had 269 projects with 47,151 rooms under construction, reflecting a 10% YoY rise in both metrics. Additionally, the number of projects scheduled to start construction within the next 12 months grew to 183 pro...
Managing Significant Change Through Hotel Projects
Stewart Kiely | October 30, 2024
Ownership and influential stakeholders are entitled to make changes to hotel projects. It’s their dream and foresight that you are delivering. However, deciding to make a significant change in the direction of a project requires a careful, balanced approach to maintain stakeholder alignment and ensure project success. Here’s a quick synopsis of how to navigate such a scenario: 1. Stay calm, think clearly and stay professional Change is part of the project landscape. It’s important to remain calm, professional, and open-minded. As the project director, your attitude will set the tone for the team and stakeholders. 2. Understand...
Dallas Leads Nation’s Hotel Boom: Nearly 200 Projects Set to Transform Texas Hospitality Landscape
Lodging Econometrics | October 29, 2024
PORTSMOUTH, NH - October 29, 2024 According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with a record-high of 194 projects and 22,803 rooms, followed by Atlanta with a record-high 166 projects accounting for 19,174 rooms, Nashville with a record-high 130 projects and 16,966 rooms, Phoenix with 123 projects/15,999 rooms, and Austin with a record-high 119 projects accounting for 13,962 rooms. These top five markets combined account for 732 projects/88,904 rooms. At Q3, five U.S. ...
The U.S. Hotel Construction Pipeline Surpasses 6,200 Projects at Q3 2024
Lodging Econometrics | October 28, 2024
PORTSMOUTH, NH - October 28, 2024 According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms Year-Over-Year (YOY). This marks a new all-time high for projects in the U.S., surpassing previous pipeline records. 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. Projects scheduled to start construction in the next 12 months total 2,209 projects/251,797 rooms. Projects and rooms in early ...
Hotel Pipeline Activity Increased Globally, Except for Europe
CoStar Group | October 24, 2024
WASHINGTON – 24 October 2024 – Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. September 2024 (% change in comparison with September 2023): Europe In construction: 163,135 rooms (-1.0%) Final Planning: 87,779 rooms (-21.9%) Planning: 162,275 rooms (+1.7%) Total Under Contract: 413,189 rooms (-5.4%) Among countries in the region, Germany (27,175) led in construction activity, closely followed by the U.K. (24,733). ...
Hard Rock Hotel & Casino Tejon Celebrates Topping Off of First Phase
The Tejon Indian Tribe | October 11, 2024
HARD ROCK HOTEL & CASINO TEJON, KERN COUNTY, Calif., Oct. 11, 2024 -- A "Topping Off" ceremony was held yesterday at the site of the new Hard Rock Hotel & Casino Tejon, which is scheduled to open in late 2025. The Hard Rock Hotel & Casino Tejon will be more than 700,000 square feet of which 150,000 square feet will be gaming space, featuring 3,000 of the most popular slots, 48 table games, and video poker and will be the second closest class III casino to Los Angeles, which is less than an hour away. Multiple dining options, including a signature Hard Rock Cafe and fine dining restaurant Council Oak Steaks and Seafood, a...
Peachtree Group Breaks Ground on Dual-Branded AC Hotel and Moxy Hotel in Dallas
Peachtree Group | October 3, 2024
ATLANTA & DALLAS--Peachtree Group (“Peachtree”) celebrated the groundbreaking of a new 19-story, dual-branded hotel development featuring the award-winning Marriott brands, AC Hotel and Moxy Hotel, in the heart of Uptown Dallas. The development will bring 264 upscale rooms, modern amenities and unique lifestyle offerings to the bustling McKinney Avenue corridor. The much-anticipated project promises to elevate the city's hospitality scene and is expected to open in Summer 2026. The property will offer an unmatched blend of comfort, style and convenience, featuring 110 rooms for the AC Hotel and 154 rooms for the Moxy Hotel, providi...
Omni Hotels & Resorts Breaks Ground on Omni Pontoque Resort at Punta de Mita
Omni Hotels & Resorts | October 1, 2024
DALLAS, TX (October 1, 2024) - Omni Hotels & Resorts has officially broken ground and construction is well underway on Omni Pontoque Resort at Punta de Mita, the brand’s first luxury resort in Mexico. Set to open in late 2026, Omni has assembled a seasoned design team to bring this dynamic concept to life, including Bob Glazier, HKS Architects, Farouki Farouki, Girvin Associates, and Waldrop + Nichols, with The Beck Group managing construction. Staying true to the brand’s mission of creating elevated places and spaces that are inspired by a destination, the resort’s exterior and interiors will pay homage to the local culture with a...
