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Hotel Operating Metrics Hit Record Highs

Hotel Operating Metrics Hit Record Highs

Now at 3,885 projects with 488,230 rooms, the total construction pipeline has shown seven consecutive quarters of growth, with the last three quarters posting year-over-year gains of 20 percent or greater. The pipeline is approximately halfway through the expansion phase ...

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Lodging Econometrics: U.S. Pipeline Growth Accelerates

Lodging Econometrics: U.S. Pipeline Growth Accelerates

With 3,645 projects/460,551 rooms, the 2014 total U.S. construction pipeline stands at its highest level in six years, Lodging Econometrics reports. After a three-year bottoming formation, the pipeline has now posted five consecutive quarters of double-digit year-over-year (YOY) growth. In ...

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Value Place Enters Washington State with 25 New Hotels

Value Place Enters Washington State with 25 New Hotels

WICHITA, Kan.—Value Place has entered into an agreement with West77 Partners to develop up to 25 hotels across the state of Washington. The Bellevue, Wash.-based West77 Partners has entered into a development agreement with Value Place Franchise Services, which includes ...

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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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