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Wyndham Continues to Grow New-Construction Pipeline

La Quinta by Wyndham in Wisconsin Dells, Wisconsin
PARSIPPANY, N.J. — Wyndham Hotels & Resorts announced today that the company is continuing to forge ahead with new-construction growth, opening 11 newly built hotels across the United States in the first quarter and breaking ground on a number of hotels in its new-construction pipeline. In the same period, the company executed agreements for more than 25 future new-build...

Frampton Construction Completes TownePlace Suites in Panama City Beach, Florida

TownePlace Suites by Marriott in Panama City Beach, Florida
CHARLESTON, S.C. — Construction is complete on a 124-room TownePlace Suites by Marriott in Panama City Beach, Florida. Frampton Construction Company partnered with Cardella Construction of Plantation, Florida, to complete the project. Development partners included the St. Joe Company and InterMountain Management, LLC, and HC Architecture designed the hotel. The approximately 70,000-square foot, four-story hotel is located on Panama City...

Five U.S. Markets With the Largest Hotel Construction Pipelines

Los Angeles
PORTSMOUTH, N.H. — Analysts at Lodging Econometrics (LE) reported this week that the total U.S. hotel construction pipeline expanded 1 percent year-over-year (YOY) at the end of Q1 2020 to 5,731 projects. Nationally, under-construction project counts hit a new all-time high with 1,819 projects totaling 243,100 rooms. The U.S. markets with the greatest number of projects already in the ground...

U.S. Hotel Construction Peaked in March

U.S. Hotel Construction
HENDERSONVILLE, Tenn. — The U.S. hotel industry recorded 214,704 rooms under construction in March 2020, the highest end-of-month total ever reported by STR. The industry’s previous construction peak occurred in December 2007 with 211,694 hotel rooms under construction. That level was slightly surpassed in February 2020 at 211,859 rooms in the final phase of the development pipeline. “The number of rooms...

Global Hotel Construction Pipeline Hit Record Highs at the End of 2019

hotel Construction Pipeline - October 2019
PORTSMOUTH, N.H. — Lodging Econometrics released its year-end Global Construction Pipeline Trend Report, which compiles hotel construction pipeline counts for every country and city around the world. At the close of 2019, LE analysts report that the total global construction pipeline hit record highs with 15,000 projects totaling 2,454,954 rooms—an 11 percent increase in projects and an 8 percent...