Hendersonville, TN; Smith Travel Research (STR), the recognized leader in lodging industry benchmarking and hotel data, today released the first industry wide STR Condotel pipeline. Condo Hotels, or Condotels, are the hottest topic in lodging development this year and STR has compiled the leading pipeline database featuring 227 Condotel projects with over 93,425 units in various stages of development. The project level database will be available without charge to subscribers to the STR/TWR/Dodge Construction Hotel Pipeline in the coming months.

“Our clients and the investment community have asked us to develop tracking mechanisms for Condotel projects. Thanks to wide industry support from chains and developers and our partner Dodge Construction we are able to give the industry what it has asked for” said Mark Lomanno, president of STR. He added: “We are in the process of compiling a nationwide census of existing Condotels followed by a benchmarking system for Condotel demand and revenues.”

Since Condotel units may be placed in the rental pool and are available to be rented out on a nightly basis they can affect market-level room supply. An accurate count of the number of Condotel units entering a market will aid hoteliers and developers by giving them a more complete picture of the competitive landscape.

Randy Smith, owner and founder of STR, commented: “This year we celebrate our 20th anniversary based on excellent customer service and providing the industry with the data it needs to guide profitable decisions. We achieved our market position by listening to our customer’s needs and the Condotel pipeline is another excellent example of actionable, market driven research. We look forward to serving the industry’s changing needs in the future.”

The following project detail is available in the STR Condotel Pipeline:

227 Condotel projects with 93,425 units in development, currently broken out into:

  • 24,193 hotel rooms
  • 61,674 condominiums in a rental program
  • 3,898 residences in a rental program
  • 3,660 apartments in a rental program

For more information about the Condotel Pipeline or to learn about subscribing to the STR/TWR/Dodge Construction Hotel Pipeline please call Smith Travel Research at 615-824-8664 or e-mail: [email protected].

About SMITH TRAVEL RESEARCH ( STR) | STR is the recognized leader for US Lodging Industry benchmarking. For 20 years STR has collected monthly and daily operating data and reported on the state of the Lodging industry. Currently over 23,000 hotels participate in the Monthly STAR program. If you wish to learn more about The HOST Data Service, Historical TRENDS, the STAR program or other STR Services please call ( 615) 824-8664 or visit our web site: