AWH Partners has announced that Chris Russell will become CEO of Spire Hospitality, AWH’s hospitality management division. Russell previously held the positions of COO of Archon Hospitality (a Goldman Sachs company), and, subsequently, CEO of Pillar Hotels and Resorts. Russell succeeds Bill DeForrest, who is transitioning to the role of vice chairman of Spire Hospitality.
Take a look at other notable comings and going that took place this week here.
Marriott International’s current hotel construction pipeline in the United States has 1,383 projects totaling 177,926 rooms, the largest of any domestic franchise company, according to Lodging Econometrics. Analysts say that the company is forecasted to open 348 new hotels with 43,415 rooms in 2018, accounting for 31 percent of all new hotels anticipated to open this year. In 2019, Marriott is expected to open 348 projects/43,415 rooms.
Three of the company’s brands make up half of its total pipeline—Fairfield Inn with 293 projects/28,418 rooms, TownePlace Suites with 206 projects/21,193 rooms, and Residence Inn with 200 projects/24,978 rooms.
A third of all rooms in Marriott’s U.S. pipeline are under construction, with 502 projects/68,316 rooms currently in the ground. Additionally, the company has 695 projects/86,761 rooms scheduled to start construction in the next 12 months and 186 projects/228,849 rooms in early planning stages.\
Photo: The AC Hotel by Marriott Tampa/Airport–Westshore recently opened.
Cara Banasch will join Omni Hotels & Resorts as vice president of sales on May 21. In her role, Banasch will lead all field and global sales teams. She will also create and implement revenue-generating strategies to be used across the brand.
Read more of this week’s notable hospitality comings and goings here.
According to the recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines are:
- Marriott with 1,383 projects/177,926 rooms
- Hilton with 1,337 projects/149,075 rooms
- IHG with 923 projects/94,296 rooms
These 3 franchise companies make up 69 percent of all projects in the total U.S. hotel pipeline.
The largest brands for each of these companies are: Marriott’s Fairfield Inn with 293 projects/28,418 rooms and TownePlace Suites with 206 projects/21,193 rooms; Hilton’s Home2 Suites with 377 projects/39,474 rooms and Hampton Inn & Suites with 316 projects/32,132 rooms; and IHG’s Holiday Inn Express with 438 projects/40,657 rooms—the largest brand pipeline in the country—and Staybridge Suites with 139 projects/14,740 rooms.
By the close of 2018, Marriott is forecasted to open 348 projects/43,415 rooms, Hilton is set to open 296 projects/33,171 rooms, and IHG expects 172 projects/18,031 rooms to open. Marriott also leads in new openings for 2019 with 336 projects/42,286 rooms, Hilton is anticipating 281 projects/30,983 rooms to open next year, and IHG is expecting 230 projects/22,807 rooms to open in 2019.
Analysts at Lodging Econometrics recently reported the five U.S. markets with the largest hotel construction pipelines by project count.
- New York — With 169 projects/29,641 rooms, New York has the largest hotel construction pipeline by projects in the country. The city also has the second highest census growth rate—50 projects/8,437 rooms plan to open by the end of the year, a 7.3 percent growth rate.
- Dallas has the second highest number of projects in its hotel construction pipeline with 159 projects/19,149 rooms.
- Houston comes in third with 148 projects/16,158 rooms in its hotel construction pipeline.
- Nashville has 119 projects/15,992 rooms in its hotel construction pipeline. The city is also the top market in the United States by census growth rate for 2018—it is expected to grow by 8.8 percent if its anticipated openings (27 projects/3,703 rooms) occur by the end of the year.
- Los Angeles makes the top five U.S. markets for largest hotel construction pipelines with 115 projects/17,155 rooms.
Seattle has the third highest census growth rate for 2018, with 6.3 percent growth if the anticipated 20 projects/2,890 rooms in its pipeline open before the year ends.
The U.S. construction pipeline kicked off the first quarter of 2018 with 5,255 projects and a total of 636,174 rooms, up 4 percent by projects and 6 percent by rooms year-over-year (YOY), according to analysts at Lodging Econometrics (LE). The current quarter is just 628 projects/149,373 rooms—or 11 percent—below the highest pipeline level recorded by LE a decade ago in Q2 2008. LE analysts expect the pipeline to continue its modest growth through 2018.
In the United States, there are 1,592 projects totaling 205,449 rooms under construction, up 5 percent by projects YOY. Projects scheduled to start construction in the next 12 months are down 5 percent YOY at 2,297 projects/272,459 rooms and projects in early planning stages are up 23 percent YOY at 1,366 projects/158,366 rooms.