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Opinion

U.S. Hotel Construction Hits Two-Year Low Amid Rising Costs and High Interest Rates

According to CoStar, there were 1,264 properties with a combined total of 151,129 guestrooms under construction in the United States as of November 2024, which represents approximately 2.6% of the existing inventory of U.S. hotel rooms. For perspect...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Real Estate & Investment
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Supply Construction
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Robert Mandelbaum
by Robert Mandelbaum and Will Webster
4 February 2025CBRE HotelsSupply Construction
CBRE Hotels
Jacksonville, FL Supports a Robust Hotel Development Pipeline Despite Economic Uncertainty
Opinion

Jacksonville, FL Supports a Robust Hotel Development Pipeline Despite Economic Uncertainty

While many U.S. markets have experienced a slowdown in hotel development amid rising construction costs, increasing financing costs, and general uncertainty, the greater Jacksonville market area has continued to support a robust hotel development pi...

Hannah McManus
Hannah McManus
Project Manager, Tampa
HVS
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Supply Construction
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Hannah McManus
by Hannah McManus
18 July 2024HVSSupply Construction
Jacksonville, FL Supports a Robust Hotel Development Pipeline Despite Economic Uncertainty
Opinion

Outpacing and Evolving: Metro Atlanta Hotel Supply Growth

According to Lodging Econometrics’ Q4 2023 US Construction Pipeline report, Atlanta ranked second nationally in the number of hotel openings in 2023, third in the number of hotels actively under construction, and second in the number of projects in ...

Courtney Vris
Courtney Vris
Senior Project Manager and Leader HVS Atlanta office
HVS
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Markets & Performance
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Courtney Vris
by Courtney Vris and Brett Testa
19 March 2024HVSSupply Construction
HVS
Downtown Baltimore Is Poised for Comeback
Opinion

Downtown Baltimore Is Poised for Comeback

According to STR, average hotel rates in the Baltimore Central Business District through year-to-date September 2023 have surpassed 2019 levels by nearly $18, caused by stable demand levels and the impact of inflation. Occupancy has yet to rebound t...

Caroline Dioso
Caroline Dioso
Project Manager, Washington, D.C. at HVS
HVS
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Hotel Openings
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Supply Construction
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Caroline Dioso
by Caroline Dioso
31 January 2024HVSSupply Construction
Downtown Baltimore Is Poised for Comeback
Opinion

Short-Term Rentals and Lodging News in Lake Tahoe

Lake Tahoe’s economy is anchored by the tourism industry, which experienced significant growth post-COVID given its proximity to major cities such as Sacramento, San Francisco, and Reno, as well as the array of outdoor activities. The Lake Tahoe Bas...

Katy Black
Katy Black
Senior Vice President at HVS Denver
HVS
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Markets & Performance
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Katy Black
by Katy Black
25 March 2023HVSSupply Construction
HVS
The Miami Market Rises to the Occasion
Opinion

The Miami Market Rises to the Occasion

Nicknamed “the Magic City,” Miami has maintained its position as a world-class destination despite the national economic challenges experienced since 2020. At the height of the pandemic, Miami’s favorable weather and relaxed restrictions attracted n...

Emeldina Paratusic
Emeldina Paratusic
Project Manager, Miami
HVS
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Real Estate & Investment
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Emeldina Paratusic
by Emeldina Paratusic
24 February 2023HVSSupply Construction
The Miami Market Rises to the Occasion