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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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High Brand Demand Fuels Red Roof Growth

High Brand Demand Fuels Red Roof Growth

COLUMBUS, Ohio—Red Roof Inn announced it has signed 39 hotel agreements in 2014, with a robust number of additional properties in the pipeline. It’s an over 350 percent increase from the same time last year. Red Roof, with its network ...

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U.S. Construction Pipeline Picking Up Speed

U.S. Construction Pipeline Picking Up Speed

The total construction pipeline continued its upward trend in Q1 2014 and now stands at 3,226 projects/407,235 rooms, up 13 percent and 15 percent, respectively, year-over-year (YOY). For the second consecutive quarter, the pipeline posted a double-digit percentage increase after ...

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