Commonwealth Hotels’ Post

Great article highlighting the overall Dallas lodging market and what makes it so appealing to investors and developers.

Real Estate News Exchange (RENX) interviewed James D Brown and Hallmark Hospitality to dig deeper into the proposed hotel development. This is a fantastic article sharing insight on what it is like developing a hotel in Vancouver, and what it took to get to the current design. #vancouver #vancouverrealestate #hotel #development #design #architecture #wearezeidler

US hotel construction pipeline rises 7%. According to a new report, upper-midscale and extended stay projects dominate as lodging projects hit record highs in cities like Dallas and Atlanta. Read on. #hotelconstruction #hotels #hospitality

US hotel construction pipeline rises 7%. According to a new report, upper-midscale and extended stay projects dominate as lodging projects hit record highs in cities like Dallas and Atlanta. Read on. #hotelconstruction #hotels #hospitality

US hotel construction pipeline rises 7%. According to a new report, upper-midscale and extended stay projects dominate as lodging projects hit record highs in cities like Dallas and Atlanta. Read on. #hotelconstruction #hotels #hospitality

I'm here for it. 🛎 #hotel #hospitality #division10 #hospitalitydevelopment #hoteliers #culturedmarble #showerpans #showersurrounds #showerdoors #barndoors #mplcompany #architecturalconcepts #wingits #indianapolis #toiletandbathaccessories #accessories

Always good to see some positive news in the CRE market. Thriving Construction: Miami is buzzing with activity as over 1,100 hotel rooms are currently under construction and slated to open this year. This impressive number marks a significant increase from the 423 room openings in 2023. Consistent Growth: From 2020 through 2022, an average of 1,700 rooms opened annually, reflecting the city’s commitment to hospitality and tourism. Miami Beach Spotlight: Miami Beach takes center stage, accounting for more than half of the rooms opening in 2024. Notable projects include:Collins Park Hotel: A 295-room gem, thoughtfully adapted from historic buildings within the Museum Historic District. It’s set to welcome guests in the spring. Thompson South Beach: A luxury 150-room haven, promising an unforgettable experience when it opens in the fall. citizenM Continues to Shine: The 168-room citizenM South Beach is scheduled to open in the fall. This marks Miami’s third new citizenM hotel in just two years, following the successful launches of citizenM Miami World Center (February 2023) and citizenM Miami Brickell (July 2022), both located in downtown Miami. Dreaming Big for 2025: The downtown area gears up for exciting hotel openings, including the Dream Miami at Riverside Wharf. This 165-room beauty will boast a private marina for VIP guests, a sprawling 30,000-square-foot rooftop pool deck, and a vibrant nightclub scene. New Brands on the Horizon:Treehouse Brickell: With 191 rooms, this Treehouse Hotel is making its Miami debut. It follows the success of Treehouse Sunnyvale in California (scheduled to open in 2024). Baccarat Hotel & Residences Miami: The brand’s second location, joining the iconic Baccarat Hotel New York (opened in 2015). Expect 249 rooms of elegance and sophistication. Miami’s skyline is evolving, and these upcoming hotels promise luxury, innovation, and unforgettable experiences for visitors. 🌴🌟 #Costar #hospitality #southfloridarealestate #economy #tourism #cre #cmbs

Exciting news for the construction market! Dallas is leading the way in US hotel development. This growth is a great sign for the industry, boosting opportunities for innovation and expansion. Let's build smarter and faster together! #HotelDevelopment #ConstructionGrowth #BuildingInnovation #DallasHotels #HotelIndustryTrends

US Hotel Construction Pipeline Reaches New Heights! In Q2 2024, the U.S. hotel construction pipeline hit a record high with 6,095 projects and 713,151 rooms, marking a 9% increase from the previous year. Extended stay hotels remain highly favored, while the upper midscale segment leads in project numbers. Dallas leads the market with the largest pipeline, followed by Atlanta, Inland Empire, Nashville, and Phoenix. Extended stay projects comprise a significant portion of the pipeline, with major brands like Marriott Hotels, Hyatt Hotels Corporation, and Wyndham Hotels & Resorts expanding in this segment. By year-end 2024, 400 additional hotels are expected to open, contributing to a 35% increase in openings compared to 2023. The pipeline is projected to continue growing, with 779 hotels anticipated in 2025 and 928 in 2026. Learn More Here: https://lnkd.in/gd48Uvkr Hotel Dive Jenna Walters Branded Hospitality Ventures Hospitality Hangout Podcast #Hotels #hospitality #construction #growing #marketing Caroline Fall Peggy Roe Ty Breland Josh Fluhr Glenn Stress Mary Grace Fisher Christopher Finelli Mark Hoplamazian Amit Sripathi Dana Rosenberg

US Hotel Construction Pipeline Reaches New Heights! In Q2 2024, the U.S. hotel construction pipeline hit a record high with 6,095 projects and 713,151 rooms, marking a 9% increase from the previous year. Extended stay hotels remain highly favored, while the upper midscale segment leads in project numbers. Dallas leads the market with the largest pipeline, followed by Atlanta, Inland Empire, Nashville, and Phoenix. Extended stay projects comprise a significant portion of the pipeline, with major brands like Marriott Hotels, Hyatt Hotels Corporation, and Wyndham Hotels & Resorts expanding in this segment. By year-end 2024, 400 additional hotels are expected to open, contributing to a 35% increase in openings compared to 2023. The pipeline is projected to continue growing, with 779 hotels anticipated in 2025 and 928 in 2026. Learn More Here: https://lnkd.in/eVndximK Hotel Dive Jenna Walters Branded Hospitality Ventures Hospitality Hangout Podcast #Hotels #hospitality #construction #growing #marketing Caroline Fall Peggy Roe Ty Breland Josh Fluhr Glenn Stress Mary Grace Fisher Christopher Finelli Mark Hoplamazian Amit Sripathi Dana Rosenberg