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The Q1 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the total global pipeline hit an all-time high for room counts and highlights a significant increase in full-service projects at the close of the first quarter. Distantly following is India with 334 projects/46,586 rooms.
The dual-branded property is located near Sutter Buttes, Toyota Amphitheatre, Bonanza Convention Center, Beale Air Force Base, Rideout Memorial Hospital and Thunder Valley Casino. Yuba County Airport (MYV), Auburn Municipal Airport (AUN) and Sacramento International Airport (SMF) are close by.
Both hotels are projected to open in mid-late 2024 and join an expanding pipeline that will bring 35 additional properties and more than 3,500 rooms to the U.S. Located adjacent to both The Pass Casino and America First Center, Atwell Suites Henderson – at the Pass will anchor the ongoing redevelopment of the city’s Water Street district.
Casino & Hotel Virginia. “An important part of our evaluation was to identify a development team with a proven track record in developing and operating mixed-use and casino properties, a long history of revitalizing cities across the country, and strong community engagement practices. . billion Live!
A 44-room property in Red River, NM, close to Red River Canyon and Old Town. The Hotel Saratoga, Ascend Hotel Collection (Saratoga Springs, NY): Located about 30 miles north of Albany, this property is close to downtown Saratoga Springs, Saratoga Race Course and Casino and National Museum of Racing and Hall of Fame.
Hoplamazian, president/CEO, Hyatt, “Our pipeline also reached a new record, expanding 10% year-over-year (YOY) to 129,000 rooms, and we realized net rooms growth of 5.5%. As of March 31, the company had a pipeline of executed management or franchise contracts for approximately 670 hotels (approximately 129,000 rooms).
This 104-room hotel is close to Kansas City International Airport and historic downtown. The 90-room hotel is adjacent to both The Pass Casino and America First Center. The latest openings are part of a growing pipeline that will see Atwell Suites open more than 50 properties across the U.S.
It is close to a number of Queens landmarks and destinations, including Resorts World Casino, the King Manor Museum, Flushing Meadows-Corona Park, Queens Zoo, New York Hall of Science, Jamaica Colosseum Mall, The USTA Billie Jean King National Tennis Center, Aqueduct Racetrack and Citi Field.
. — The Q1 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that the total global pipeline hit an all-time high for room counts and highlights a significant increase in full-service projects at the close of the first quarter. Distantly following is India with 334 projects/46,586 rooms.
The hotel development pipeline in the U.S. hotel construction pipeline, with full-service projects—encompassing luxury, upper-upscale, upscale and casino properties—representing 2,295 projects and 349,812 rooms, or 37% and 48% of the total pipeline respectively. Limited-service development continues to dominate the U.S.
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