HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV
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.
The resort corner of the hospitality sector has been a bit slower to expand than the whole for the past few years. But don’t tell that to Bill Wilhelm, President of R.D. Olson Construction.
The hotel construction pipeline hit record project counts at Q4, with the addition of 260 projects and 21,287 rooms over last quarter, according to Lodging Econometrics.
Suffolk Construction, STO Building Group, PCL Construction Enterprises, AECOM, and Brasfield & Gorrie top BD+C's ranking of the nation's largest hotel and resort general contractors and construction management (CM) firms for 2023, as reported in Building Design+Construction's 2023 Giants 400 Report.
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.
The number of hotel rooms in the construction or planning phases rose 4.9% in January compared with year-ago stats. Rooms actually under construction increased 38.3% compared with January 2012.
Jones Lang LaSalle’s Hotels & Hospitality Group believes that signs point to an on-going uptick in Americas hotel transactions activity sooner rather than later. They identify the five forces that will drive the hotel investment market during the next five years.
The 2.59-million-square-feet building houses a mixed-use program of offices on its lower floors and a 416-room hotel.
Hotel boom signals good news for greener lodging facilities
In April 2010, the Building Team of Rule Joy Trammell + Rubio, Stanley D. Lindsey & Associates, Leppard Johnson & Associates, and Choate Interior Construction restored the 16-story, 310,537-sf building into the Residences at the John Marshall, a new mixed-use facility offering apartments, street-level retail, a catering kitchen, and two restored ballrooms.
Ranking the leading firms in Architecture, Engineering, and Construction.
The Giants 300 Top 10 Firms in the Hospitality and Retail sectors.
Lands new projects including the Perry South Beach Hotel and Dadeland Mall Kendall Wing Expansion.
Project, with price tag of $2 million to $3 million, needs council approval.
