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Hotel Development Costs Escalating, HVS Survey Shows

Hotel Development Costs Escalating, HVS Survey Shows

Increases in development costs are affecting the feasibility of new hotel construction, according to the U.S. Hotel Development Cost Survey 2014/15 from HVS. Hotel construction costs have steadily escalated in the past three years in markets such as New York, ...

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Wyndham Grand Resort in Clearwater Beach Breaks Ground

Wyndham Grand Resort in Clearwater Beach Breaks Ground

PARSIPPANY, N.J.—Wyndham Hotel Group has signed a management agreement to expand its upscale Wyndham Hotels and Resorts brand in Florida with the addition of a beachfront Wyndham Grand resort in Clearwater Beach. The new-construction, 450-room Wyndham Grand Resort Clearwater Beach, ...

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R.D. Olson Begins Construction on Hampton Inn Glendale

R.D. Olson Begins Construction on Hampton Inn Glendale

IRVINE, Calif.—R.D. Olson Construction has begun construction on a five-story, 94-room Hampton Inn & Suites hotel on the corner of Colorado Street and Brand Boulevard in Glendale, Calif. The Irvine, Calif.-based general contractor was selected by Vista Investments to construct ...

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Market Boasts Near Perfect Conditions for Development

Market Boasts Near Perfect Conditions for Development

Favorable economic conditions, record-setting operating metrics, and a positive outlook for the next few years have combined to make this an opportune time for hotel developers. The hotel construction pipeline surged forward to a five-year high in Q3 with 3,516 ...

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