A Quarter of U.S Hotels Under Construction are Extended-Stay Properties

    According to Lodging Econometrics (LE), 1,360 projects/143,379 rooms in the U.S. construction pipeline are extended-stay projects. Of these, 428 projects/47,340 rooms are already under construction, accounting for 27 percent of all projects under construction in the total U.S. pipeline. Additionally, 628 extended-stay properties totaling 66,846 rooms are scheduled to start construction in the next 12 months while an additional 304 projects/29,193 rooms are in early planning stages.

    Home2 Suites by Hilton currently has the largest extended-stay pipeline with 377 projects/39,474 rooms. The second-largest brand is Marriott’s TownePlace Suites with 206 projects/21,193 rooms, followed by its Residence Inn brand with 200 projects/24,978 rooms. IHG’s Staybridge Suites follows suit with 139 projects/14,740 rooms.

    By the end of 2018, 320 extended-stay hotels totaling 33,961 rooms are expected to open across the country, with another 309 projects/33,087 rooms in 2019. Last year, 259 extended-stay hotels with 28,990 rooms opened in the United States.

    Previous articleLa Quinta Completes CorePoint Lodging Spin-Off
    Next articleWyndham Completes La Quinta Acquisition