Now rising in the Big Apple, the 70-story Central Park Marriott will be the tallest hotel in the Western Hemisphere when completed by CNY Group. The $200 million project, with structural engineering by WSP, reflects the generally upbeat mood in the hospitality market.
“Globally, hotel operating fundamentals are poised to remain strong in 2013,” says Mark Wynne-Smith, Global CEO of Jones Lang LaSalle’s Hotels and Hospitality Group. Despite some economic stressors, JLL believes supply and demand, availability of investment capital (especially from private equity funds), and REIT stock prices all point to “an attractive environment” for hotel business worldwide.
TOP HOTEL ARCHITECTURE FIRMS
2012 Hospitality Revenue ($)1 Gensler $69,090,0002 WATG / Wimberly Interiors $54,713,0003 HKS $32,000,0004 Leo A Daly $19,999,6215 RTKL Associates $19,730,0006 Hnedak Bobo Group $17,425,0007 Perkins Eastman $11,600,0008 Kohn Pedersen Fox Associates $11,251,8009 Cuningham Group Architecture $10,019,86510 HOK $10,011,000
TOP HOTEL ENGINEERING FIRMS
2012 Hospitality Revenue ($)1 AECOM Technology Corp. $100,190,0002 Parsons Brinckerhoff $28,900,0003 Buro Happold Consulting Engineers $16,165,0004 Rolf Jensen & Associates $7,600,0005 Thornton Tomasetti $7,218,7316 KPFF Consulting Engineers $6,000,0007 Arup $5,527,3718 Michael Baker Jr. $4,340,0009 Wiss, Janney, Elstner Associates $2,880,00010 WSP USA $2,696,642
TOP HOTEL CONSTRUCTION FIRMS
2012 Hospitality Revenue ($)1 Manhattan Construction $290,769,0002 Structure Tone $250,908,0003 Lend Lease $234,975,0004 Swinerton Builders $227,431,9505 Mortenson Construction $209,550,0006 Tutor Perini Corporation $209,216,1267 Brasfield & Gorrie $163,774,5588 Flintco $155,600,0009 Messer Construction $147,695,12810 Yates Cos., The $144,700,000
San Francisco, Los Angeles, Houston, Chicago, New York City, Hawaii, and Washington, D.C., are pinpointed as strong markets in the Americas (http://bit.ly/JLLHotels).
Adaptive reuse for hospitality is producing some particularly interesting remakes of historic properties. The strategy dovetails with travelers’ growing taste for local authenticity—a particular interest of Millennials, according to Tom Ito, Principal and leader for Gensler’s global hospitality practice. “For this generation, avoiding the norm is all about being true to yourself,” says Ito. “As this consumer group grows in spending power, hoteliers will need to provide personalized experiences that reflect the spirit of this demographic.”
Related Stories
| Feb 10, 2012
Task force addresses questions regarding visually graded Southern Pine lumber
Answers address transition issues, how to obtain similar load-carrying capabilities, and why only some grades and sizes are affected at this time.
| Feb 10, 2012
Atlanta Housing Authority taps Johnson Controls to improve public housing efficiency
Energy-efficiency program to improve 13 senior residential care facilities and save nearly $18 million.
| Feb 10, 2012
Besculides joins New York Office of Perkins Eastman as associate principal
Besculides joins with more than 17 years’ experience in design, business development, and account management for the government, healthcare, and corporate practice areas with a particular focus on the financial and media sectors.
| Feb 10, 2012
Mortenson Construction research identifies healthcare industry and facility design trends
The 2012 Mortenson Construction Healthcare Industry Study includes insights and perspectives regarding government program concerns, the importance of lean operations, flexible facility design, project delivery trends, improving patient experience, and evidence-based design.
| Feb 10, 2012
LAX Central Utility Plant project tops out
Construction workers placed the final structural steel beam atop the Plant, which was designed with strict seismic criteria to help protect the facility and airport utilities during an earthquake.
| Feb 8, 2012
Nauset completes addition and renovation for Winchester senior living community
Theater, library, fitness center, and bistro enhance facility.
| Feb 8, 2012
Mega-malls expanding internationally
Historically, malls have always been the icons of America – the first mall ever was built in Minneapolis in 1956.
| Feb 8, 2012
World’s tallest solar PV-installation
The solar array is at the elevation of 737 feet, making the building the tallest in the world with a solar PV-installation on its roof.
| Feb 7, 2012
AIA introduces seven new contract documents to Documents-On-Demand service??
AIA Contract Documents are widely-used standard form contracts among the building industry to support construction and design projects.
| Feb 7, 2012
Data center construction boom driven by healthcare and technology
The study includes insight and perspective regarding current investment plans of stakeholders, potential challenges to the data center boom, data center efficiency levels, the impact of new designs and technologies, and delivery methods.
