Development: Page 3

  • A view of Fort Worth is visible from a guest room window.
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    Courtesy of Remington Hospitality
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    Le Méridien opens in booming Fort Worth, Texas

    The market is seeing a spate of hotel development activity, with Marriott’s Le Méridien following other recent luxury openings.

    By • Aug. 23, 2024
  • Construction site
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    sandsun via Getty Images
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    US led record global hotel pipeline in Q2 with most projects: report

    The U.S. beat China with a record 6,095 hotel pipeline projects, and upper-tier chain scales “dominated” in the second quarter of 2024, according to Lodging Econometrics.

    By • Aug. 23, 2024
  • The downtown Orlando skyline at night as viewed from Eola Lake.
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    SeanPavonePhoto via Getty Images
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    IHG expands luxury and lifestyle portfolio with InterContinental Orlando

    The 700-room hotel, slated to open in 2028, will cater to leisure and business travelers in the popular destination.

    By • Aug. 22, 2024
  • The Residences at St. Regis Longboat Key is slated to open in a month.
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    Permission granted by Marriott International
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    Marriott opens 18-acre St. Regis resort, residences in Florida

    The resort marks the 9,000th property for the world’s largest hotel company, which is expanding in the luxury hotel and branded residences sectors.

    By • Aug. 21, 2024
  • Wyndham Hotels & Resorts opened its second Echo Suites extended stay hotel in Plano, Texas.
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    Courtesy of Wyndham Hotels & Resorts
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    Wyndham opens second Echo Suites amid extended stay push

    The Plano, Texas, hotel is among a “slew” of additional brand openings Wyndham expects in the coming months.

    By • Aug. 21, 2024
  • Sonder offers apartment-style accommodations.
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    Courtesy of Sonder
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    Marriott to add Sonder rooms to system through strategic licensing agreement

    The partnership comes as Sonder fights legal battles with disgruntled investors and undergoes a portfolio optimization program to “mitigate losses.”

    By • Aug. 19, 2024
  • The interior of a restaurant features tiled floors and wood accents.
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    Courtesy of Hilton
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    Hilton opens latest Graduate hotel near Princeton University

    The 180-room hotel is part of Hilton’s broader lifestyle push, which has been fuelled by brand acquisitions.

    By • Updated Aug. 16, 2024
  • An aerial view of New York City.
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    Drew Angerer via Getty Images
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    Top trends driving US hotel investment in 2024

    Supply growth, travel demand and changes to the lending environment will guide hotel performance and investor appetite this year, according to a report from JLL.

    By • Aug. 13, 2024
  • A business traveler check into a hotel in the hotel lobby.
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    Drazen_ via Getty Images
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    Hospitality trends that drove RevPAR gains, pipeline growth in Q2

    Heightened group travel boosted revenues for several hotel companies, while conversions and extended stay remained top of mind for developers.

    By • Aug. 9, 2024
  • Hard Rock International is expanding its lifestyle hotel brand, Reverb, to Pensacola, Florida.
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    Courtesy of Hard Rock International
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    Hard Rock expands Reverb hotel brand in Florida

    The Pensacola property joins a list of hotels Hard Rock is developing across the country, including its transformation of The Mirage in Las Vegas.

    By • Aug. 9, 2024
  • Exterior of Choice Hotels International, Rockville Corporate Headquarters
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    Courtesy of Choice Hotels
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    Conversions, extended stay boost Choice Hotels pipeline

    In the second quarter of 2024, the hotel company’s global pipeline increased 22% year over year, including a 65% increase in conversion rooms.

    By • Aug. 8, 2024
  • Two empty lounge chairs in front of a pool overlooking a vast hilly region.
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    Courtesy of Mr & Mrs Smith
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    Hyatt posts RevPAR, net rooms growth in Q2

    In the quarter, the company added rooms from its Mr & Mrs Smith acquisition, and another boutique hotel brand deal may be on the horizon.

    By • Aug. 6, 2024
  • My Place Hotels began franchising in 2014.
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    Courtesy of My Place Hotels
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    Q&A

    My Place Hotels CEO talks evolution of extended stay, breaking the mold

    With a long family history in hospitality, Ryan Rivett shares his outlook on the “desirable” extended stay segment and his strategy for My Place as it celebrates 10 years of franchising.

    By • Aug. 5, 2024
  • commercial construction in city
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    dszc via Getty Images
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    US hotel construction pipeline grows to new highs — again

    In Q2 2024, hotels in the total pipeline grew 9% annually, with extended stay remaining popular and upper midscale leading other segments, according to Lodging Econometrics.

    By • Aug. 1, 2024
  • Marriott launched the midscale brand Project Mid-T by Marriott at the NYU International Hospitality Industry Investment Conference.
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    Courtesy of Marriott International
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    4 conversion-focused hotel brands expanding in 2024

    As hotel conversions remain a desirable alternative to new construction, Marriott, IHG, Choice and Hilton are plotting growth for brands in the space.

    By • Aug. 1, 2024
  • An image of the Bellagio Las Vegas, now part of MGM Collection with Marriott Bonvoy.
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    Courtesy of Marriott International
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    Luxury, group travel in Las Vegas drove Q2 gains for MGM

    The resort operator said room rates on the books in Sin City are higher for the third quarter as well, but Formula 1 in Q4 is “off to a soft start.”

    By • Aug. 1, 2024
  • Choice Hotels opened the upscale Cambria Hotel Denver Downtown RiNo.
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    Courtesy of Choice Hotels International
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    Choice Hotels continues upscale push with 4 Cambria openings

    Properties in New York, Delaware, New Hampshire and Colorado aim to further solidify the hotel company’s standing among upscale competitors.

    By Michele Laufik • July 31, 2024
  • New midscale extended stay brand YourSpace broke ground on its inaugural location.
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    Courtesy of YourSpace Hotels
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    Midscale extended stay brand YourSpace enters competitive segment

    The new brand broke ground on its inaugural hotel in Chesapeake, Virginia, joining larger players like Marriott and Hyatt in the fast-growing space.

    By • July 30, 2024
  • Shinola is expanding in hospitality, brining a 170-key hotel project in downtown Indianapolis.
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    Courtesy of Shinola
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    Shinola hotel part of $300M redevelopment coming to Indianapolis

    Alongside Boxcar Development, the Detroit-based luxury watch brand is planning a 170-key hotel in the city’s downtown.

    By • July 26, 2024
  • The glass exterior of the Anaheim Convention Center features blue signage denoting Wyndham's 2023 Global Conference.
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    Courtesy of Wyndham Hotels & Resorts
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    Wyndham’s pipeline hits record high in Q2, ‘lots of deals’ on horizon

    CEO Geoff Ballotti said hotel owners are “more receptive” to deals, including for the company’s Echo Suites extended stay brand, after Choice ended its acquisition pursuit.

    By • July 25, 2024
  • The Residences at St. Regis Longboat Key is slated to open in a month.
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    Permission granted by Marriott International
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    Marriott aims to build loyalty with branded residential growth

    The hotel company launched an owner recognition program as its branded residential portfolio and pipeline see significant expansion.

    By • July 23, 2024
  • A crane works on a resort on a snow-covered mountainside.
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    Marcelo Hernandez via Getty Images
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    US hotel construction activity hits 2024 peak: STR

    In June, the volume of U.S. hotel rooms under construction was the highest it’s been since February 2023, according to data from CoStar.

    By • July 19, 2024
  • The Phoenix metropolitan area has seen growing hotel occupancy, ADR and RevPAR in recent years driven by strong travel fundamentals.
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    dszc via Getty Images
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    Deep Dive // Hot Markets

    Market Spotlight: Phoenix

    Sports tourism and a flourishing manufacturing sector are driving hotel performance gains as well as investor and developer activity in the metro area.

    By • July 16, 2024
  • The 500-key hotel tower at Bally’s Chicago Casino will sit at the southern end of the development.
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    Courtesy of Bally's Corp.
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    Bally’s changes hotel plans at 30-acre Chicago casino project

    The 500-key tower will move to the southern end of the development and be completed in a single phase.

    By • July 15, 2024
  • An exterior shot of the LED screen, made up of large, pink cubes that say "TSX."
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    Courtesy of Mike Van Tassel
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    $2.5B tower completed in Times Square

    The 47-story building houses the first-ever Tempo by Hilton hotel, which opened last summer, as the NYC neighborhood sees strong hotel demand.

    By Matthew Thibault • July 12, 2024