Hotels now account for over one-third of adaptive reuse projects
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
In the continuous battle against housing shortages and the surplus of vacant buildings, developers are turning their attention to the viability of adaptive reuse for their properties.
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
This $500 million mixed-use development will take up nearly nine blocks.
Travelers are always looking for a home away from home, and the tourist industry needs these vacationers to survive. Creating a winning hotel can benefit everybody, and people will return to your retreat time and time again.
Music City has experienced a hotel construction boom in recent years, making for a more competitive market.
Dallas, Houston, and New York lead the way, with more than 460 hotel projects in the works.
CallisonRTKL’s recent survey helps shed some light on how the hotel of the future might strike a balance between tech and the human touch.
The grand prize hotel concept gives new meaning to “back to nature.”
The campus is expected to include an Aloft hotel.
Because hotels can take as long as six years to complete, spotting trends—and differentiating them from fads—is tough when tastes and systems change so rapidly.
Turner Construction Co., Swinerton, and The Whiting-Turner Contracting Co. top BD+C’s ranking of the nation’s largest hotel sector contractor and construction management firms, as reported in the 2017 Giants 300 Report.
NV5 Global, WSP, and DeSimone Consulting Engineers top BD+C’s ranking of the nation’s largest hotel sector engineering and EA firms, as reported in the 2017 Giants 300 Report.
Gensler, WATG and Wimberly Interiors, and HKS top BD+C’s ranking of the nation’s largest hotel sector architecture and AE firms, as reported in the 2017 Giants 300 Report.