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
| Aug 11, 2010
Arup, SOM top BD+C's ranking of the country's largest mixed-use design firms
A ranking of the Top 75 Mixed-Use Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
10% of world's skyscraper construction on hold
Emporis, the largest provider of global building data worldwide, reported that 8.7% of all skyscrapers listed as "under construction" in its database had been put on hold. Most of these projects have been halted in the second half of 2008. According to Emporis statistics, the United States had been hit the worst: at the beginning of 2008, "Met 3" in Miami was the only U.S. skyscraper listed as being "on hold". In the second half of the year, 19 projects followed suit.
| Aug 11, 2010
Structure Tone, Turner among the nation's busiest reconstruction contractors, according to BD+C's Giants 300 report
A ranking of the Top 75 Reconstruction Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Best AEC Firms of 2011/12
Later this year, we will launch Best AEC Firms 2012. We’re looking for firms that create truly positive workplaces for their AEC professionals and support staff. Keep an eye on this page for entry information. +
| Aug 11, 2010
Call for entries: Building enclosure design awards
The Boston Society of Architects and the Boston chapter of the Building Enclosure Council (BEC-Boston) have announced a High Performance Building award that will assess building enclosure innovation through the demonstrated design, construction, and operation of the building enclosure.
| Aug 11, 2010
Portland Cement Association offers blast resistant design guide for reinforced concrete structures
Developed for designers and engineers, "Blast Resistant Design Guide for Reinforced Concrete Structures" provides a practical treatment of the design of cast-in-place reinforced concrete structures to resist the effects of blast loads. It explains the principles of blast-resistant design, and how to determine the kind and degree of resistance a structure needs as well as how to specify the required materials and details.
| Aug 11, 2010
AIA selects three projects for National Healthcare Design Awards
The American Institute of Architects (AIA) Academy of Architecture for Health (AAH) have selected the recipients of the AIA National Healthcare Design Awards program. The AIA Healthcare Awards program showcases the best of healthcare building design and healthcare design-oriented research. Projects exhibit conceptual strengths that solve aesthetic, civic, urban, and social concerns as well as the requisite functional and sustainability concerns of a hospital.
