The City of Angels continues to be the City of Hotels. Los Angeles is expected to add 14 hotels with nearly 3,100 rooms in the second half of 2020, and a total of 50 hotels with 10,436 rooms in the next four years, according to the TopHotelProjects construction database. Of those 50 hotels, 33 will be in the four-star category, and 17 will be in the five-star designation.
For the fourth consecutive quarter, Los Angeles was the top hotel construction market, with 163 projects and 27,415 rooms in its pipeline in the second quarter of 2020, according to Portsmouth, N.H.-based Lodging Econometrics.
Trailing L.A. was Dallas, with 158 projects and 19,314 rooms in its pipeline; New York City, with 151 projects and 26,302 rooms; Atlanta, with 135 projects and 18,634 rooms; and Houston, with 122 projects and 12,486 rooms.
These five markets accounted for 15% of the rooms in the U.S. hotel pipeline. The country’s total hotel construction pipeline stood at 5,582 projects and 687,801 rooms in the second quarter, down only 1% from the same period a year ago. “Contrary to what is being experienced in hotel operations, the pipeline remains robust as interest rates are at all-time lows,” states Lodging Econometrics.
New York had the greatest number of projects under construction in the second quarter: 106 with 18,354 rooms. L.A. was next, with 48 projects and 8,077 rooms being built., followed by Atlanta, Dallas, and Nashville (37 projects and 6,597 rooms). These five markets accounted for nearly one-fifth of the rooms under construction in the U.S.
All told, 1,771 projects with 235,467 rooms were under construction nationwide, up 3% and 1%, respectively, from the second quarter in 2019.
During the first half of this year, the U.S. opened 313 hew hotels with 36,992 rooms, and added 481 projects with 56,823 rooms to its pipeline. However, new project announcements in the second quarter fell by 53% compared to the same period last year.
OPPORTUNE FINANCING MAKES HOTEL RENOS AND CONVERSIONS MORE VIABLE
Lodging Econometrics also recorded 1,276 active renovation and conversion projects with an aggregate 217,865 rooms across the country. Chicago lead the way with 28 projects and 4,717 rooms, followed by Los Angeles, New York, Washington D.C., and Atlanta.
Nationwide, there were 1,465 active renovation projects with 314,043 rooms, and 1,196 active conversion projects with 136,110 rooms in the first half of this year.
Despite the impact COVID-19 has had on operating performance, development in the lodging industry continues. In the first half of 2020, Dallas recorded the highest count of new projects announced into the pipeline with 18 projects and 2,018 rooms. Washington D.C. followed with 14 projects and 1,978 rooms, then Phoenix with 13 projects and 1,397 rooms, Miami with 10 projects and 2,472 rooms, and the Florida Panhandle with nine projects and 1,178 rooms.
Related Stories
| May 25, 2011
Hotel offers water beds on a grand scale
A semi-submerged resort hotel is the newest project from Giancarlo Zema, a Rome-based architect known for his organic maritime designs. The hotel spans one kilometer and has both land and sea portions.
| May 20, 2011
Hotels taking bath out of the bathroom
Bathtubs are disappearing from many hotels across the country as chains use the freed-up space to install ever more luxurious showers, according to a recent USAToday report. Of course, we reported on this move--and 6 other hospitality trends--back in 2006 in our special report "The Inn Things: Seven Radical New Trends in Hotel Design."
| May 18, 2011
Design diversity celebrated at Orange County club
The Orange County, Calif., firm NKDDI designed the 22,000-sf Luna Lounge & Nightclub in Pomona, Calif., to be a high-end multipurpose event space that can transition from restaurant to lounge to nightclub to music venue.
| May 10, 2011
Dinner is now served…atop the Lincoln Memorial?
Take a look at the temporary restaurant sitting atop Brussels’ historic Arc de Triomphe-Triomfboog. The Cube, by Electrolux, offers 18 diners a spectacular view of the Parc du Cinquantenair, and is one of two structures traveling across Europe, making stops at famous landmarks in Belgium, Italy, Switzerland, Sweden, and Russia. What do you think about one of these 60-tonne structures being placed on a U.S. memorial?
| Apr 13, 2011
Southern Illinois park pavilion earns LEED Platinum
Erin’s Pavilion, a welcome and visitors center at the 80-acre Edwin Watts Southwind Park in Springfield, Ill., earned LEED Platinum. The new 16,000-sf facility, a joint project between local firm Walton and Associates Architects and the sustainability consulting firm Vertegy, based in St. Louis, serves as a community center and special needs education center, and is named for Erin Elzea, who struggled with disabilities during her life.
| Mar 17, 2011
Hospitality industry turns to HTS Texas for ‘do not disturb’ air conditioned comfort
Large resort hotels and hospitality properties throughout the Southwest have been working with local contractors, engineers and HTS Texas for the latest innovations in quiet heating, ventilating and air conditioning (HVAC) equipment. The company has completed 12+ projects throughout Texas and the Southwestern U.S. over the past 18 to 24 months, and is currently working on six more hotel projects throughout the region.
| Mar 11, 2011
Holiday Inn reworked for Downtown Disney Resort
The Orlando, Fla., office of VOA Associates completed a comprehensive interior and exterior renovation of the 14-story Holiday Inn in the Downtown Disney Resort in Lake Buena Vista, Fla. The $25 million project involved rehabbing the hotel’s 332 guest rooms, atrium, swimming pool, restaurant, fitness center, and administrative spaces.