Development USA & Canada Press Releases - Hospitality Net

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April 28, 2025

Top U.S. Markets for Hotel Development Still Rolling Along at Q1 2025 Close

The recent U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter of 2025, the top five markets with the largest hotel construction pipelines are led by Dallas with 203 projects/24,496 rooms, a new all-time-high room total representing 9% project and 11% room growth year-over-year (YOY). Following Dallas is Atlanta with 166 projects/19,149 rooms, Nashville with 127 projects/16,589 rooms, Phoenix with 126 projects/16,490 rooms, and Austin with 124 projects/14,514 rooms, which also achieved new all-time-high project and room totals, showing impressive 11% project and 9% room growth YOY.

Lodging Econometrics

April 25, 2025

U.S. hotel construction declined for third consecutive month

The volume of U.S. hotel rooms under construction decreased year over year for a third consecutive month, according to CoStar’s March 2025 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

April 25, 2025

U.S. Hotel Construction Pipeline Grows 5% YOY in Q1 2025, Early Planning Stage Surges 10%

As seen in Lodging Econometrics’ (LE) Q1 2025 U.S. Hotel Construction Pipeline Trend Report, at the close of the quarter, the pipeline consists of 6,376 projects and 749,561 rooms. These first quarter totals represent a 5% year-over-year (YOY) increase in projects and a 6% YOY increase in rooms compared to Q1 2024.

Lodging Econometrics

April 17, 2025

Highway West Vacations Expands Portfolio with the Acquisition of Three New Properties

Highway West Vacations, a collection of unique hotels, lodges, cabins, and glamping resorts in the U.S., is pleased to announce the acquisition of three new properties in California, Avila Pismo RV Resort & Campground, Costanoa, and Lake Siskiyou Camp Resort. Highway West Vacations is growing its California footprint with new properties in Northern California and an expanded presence in Central California.

Highway West Vacations

April 4, 2025

Everhome Suites Continues Significant Expansion with Three New Hotel Openings in Huntsville, Chandler, and Temecula

Choice Hotels International, Inc. (NYSE: CHH), a leader in extended stay hotels, announced the opening of three new Everhome Suites properties in Huntsville, Ala.; Chandler, Ariz.; and Temecula, Calif. Choice Hotels now has 10 Everhome Suites open across the country providing modern, apartment-style accommodations designed to meet the needs of today's long-term travelers in high-growth markets. Everhome Suites is on track to have 25 hotels open by the end of the year with 20 currently under construction. Overall, the Everhome Suites brand has over 65 hotels in the pipeline. Extended stay continues to be the hottest segment in hospitality, with record demand. Choice Hotel's domestic extended stay rooms grew by 10% year-over-year, and the Everhome brand continues to drive momentum for the company and within the industry. Across its four extended stay brands, Choice Hotels has 515 hotels open and nearly 400 in pipeline.

April 4, 2025

Under Canvas Announces New Outdoor Collection Brand Featuring Uniquely Local Properties Connected To Nature

Today, Under Canvas, Inc., the leader in upscale, outdoor hospitality, announced the Outdoor Collection by Under Canvas, a new portfolio of properties that offer nature-based stays and experiences curated with place and purpose in mind. The first two properties, The Fields of Michigan and Bar N Ranch both demonstrate Under Canvas’ exceptional hospitality and feature upscale accommodations such as safari-style field tents, contemporary cottages, classic cabins and lodge rooms.

March 18, 2025

Premier Completes the Historic Conservation and Conversion of La Concha Key West, An Autograph Collection Boutique Hotel

Premier, an end-to-end architecture, interior design, procurement, project management, and corporate engineering firm with specialization in hospitality, multi-family residential, student housing, adaptive reuse, and mixed-use development, is pleased to announce the completion of its latest boutique hotel project: the La Concha Key West, an Autograph Collection Hotel. More than a monumental hotel renovation, the project was also a significant historic conservation project that saw Premier convert the former Crowne Plaza La Concha Hotel and reposition the property as the new upscale boutique La Concha Key West. Premier provided interior design, architecture, procurement, corporate engineering, and project management expertise on the project.

Key West, Florida, United States

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Hospitality Financial and Technology Professionals (HFTP)

March 18, 2025

Corinthia and Kuwaiti Action Real Estate Company acquire prime location properties in Beverly Hills

Corinthia Group, trading as IHI plc, announces that its recently formed partnership with Action Real Estate Company of Kuwait has acquired two boutique hotel properties totalling 100 keys in a prime location in Beverly Hills, California.

California, United States

February 12, 2025

Sonesta Executes 23 Franchise Agreements in Q4 2024

Sonesta International Hotels Corporation (Sonesta), the 8th largest hotel company in the U.S., today announced the execution of 23 new franchise agreements during the fourth quarter of 2024, representing growth at nine of the company’s 13 distinctive brands.

February 11, 2025

Brittain Resorts & Hotels Transforms Three Premier Properties with $58 Million Investment

Brittain Resorts & Hotels (BRH), in partnership with EOS Hospitality, is redefining the Myrtle Beach hospitality landscape with a monumental investment of over $58 million in transformative renovations at three of its most beloved properties: Caribbean Resort & Villas, Ocean Reef Resort, and Compass Cove Resort. These renovations will deliver an unparalleled guest experience, blending modern comfort with the warm charm and vibrancy Myrtle Beach is known for.

Brittain Resorts and EOS Hospitality

Myrtle Beach, South Carolina, United States

February 4, 2025

Peachtree Group Surpasses $2 Billion in Hotel Developments

Peachtree Group (“Peachtree”) announced that the firm surpassed $2 billion in hotel development, bringing its total development portfolio to 48 hotels nationwide.

Peachtree Group

January 30, 2025

MHG Hotels Strengthens Indianapolis Presence with Homewood Suites Acquisition

MHG Hotels is proud to announce the acquisition of the Homewood Suites by Hilton Indianapolis Downtown. Located in the heart of Indianapolis at 211 S Meridian St, this 92-suite property is a landmark in the city’s vibrant downtown area, combining convenience, comfort, and Hilton’s renowned hospitality.

January 28, 2025

Canadian Hotel Construction Pipeline Sets Records with 13% Year-Over-Year Growth

According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE), Canada’s total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust growth of 13% for both projects and rooms year-over-year (YOY).

Lodging Econometrics

January 23, 2025

U.S. Hotel Development Booms: Dallas Pipeline Tops 200 Projects, Southern Markets Dominate Future Growth

The latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that Dallas is leading the nation’s hotel construction pipeline with a record-breaking 204 projects totaling 23,669 rooms. Atlanta follows with its own record of 168 projects (19,431 rooms), while Nashville (130 projects/17,029 rooms), Phoenix (record 130 projects/16,824 rooms), and the Inland Empire (122 projects/12,234 rooms) complete the top five markets.

Lodging Econometrics

Visit HITEC 2026 in San Antonio!

HITEC is the center for the latest conversations on hospitality technology. Come and see the technology shaping the industry.

Hospitality Financial and Technology Professionals (HFTP)

January 22, 2025

Record-Breaking 6,378 Hotel Projects as U.S. Hotel Pipeline Continues to Rise

Hotel construction in the United States hit new historic levels in the fourth quarter of 2024, according to Lodging Econometrics’ (LE’s) latest Hotel Construction Pipeline Trend report. The total pipeline reached 6,378 projects, a new project record, with 746,986 rooms, showing year-over-year (YOY) growth of 7% in projects and 8% in rooms.

Lodging Econometrics

January 21, 2025

Meyer Jabara Hotels Makes Multimillion Dollar Investment in its Legacy Owned Admiral Fell Inn on Baltimore Harbor

A Meyer Jabara Hotel’s long-term owned asset, the Admiral Fell Inn, is undergoing a multimillion dollar transformation. Opening in Spring 2025 and rebranded as The William Fell, Tapestry Collection by Hilton, the historic waterfront hotel sits right on Fells Point Square and boasts waterfront views of Baltimore's Harbor, making it the best location in the city. Repositioning of this legacy asset is expected to make The William Fell the quintessential market-leading powerhouse in Fells Point. This is MJH’s third owned asset in Baltimore, its fifth managed property in Maryland, and the first Tapestry Collection conversion in its portfolio. A grand opening is planned for April 2025.

Baltimore, Maryland, United States

December 18, 2024

Otonomus Brings Hospitality Back to CES 2025 with AI-Powered Hotel

Otonomus, a leading AI-driven technology and hospitality company, announces its flagship Otonomus Hotel in Las Vegas will exhibit at CES 2025, showcasing what it believes to be the first AI-powered hotel. The company will demonstrate how they blend AI, attribute-based booking, and personalized guest services to CES attendees at their booth in Tech East, LVCC, North Hall, Grand Lobby, and Level 1 Meeting Rooms — 8543.

December 9, 2024

Peachtree Group Surpasses $1.0 Billion in CPACE Financing

Peachtree Group (“Peachtree”) has reached a significant milestone in Commercial Property Assessed Clean Energy (CPACE) financing, surpassing the $1.0 billion mark—a distinction shared by only a select few companies in the industry. In 2024 alone, Peachtree completed 22 CPACE transactions across the U.S., surpassing its previous record for CPACE originations.

Peachtree Group

November 20, 2024

Sohal Hotels Acquires Watertown Hotel, Staypineapple Hotels Inc. to Manage Property Under First Management and Licensing Agreement

Staypineapple Hotels Inc., a Pacific Northwest-based hospitality management and licensing company, most notably recognized for its management of the 10 Staypineapple hotels across the United States, announces that Sohal Hotels, a Pacific Northwest-based multi-unit hotel franchisee company, has purchased Watertown Hotel. The hotel, located in Seattle, Wash., near the University of Washington campus, will undergo a significant transition that marks a new chapter for both companies, as Staypineapple Hotels Inc. will now manage the property under its first management and licensing agreement.

Staypineapple Hotels Inc.

Seattle, Washington, United States

November 15, 2024

U.S. Hotel Investment Poised for Growth in 2025

JLL’s Hotels & Hospitality Group’s latest Global Hotel Investor Sentiment Survey reveals strong optimism for U.S. hotel investment in 2025, driven by recent Federal Reserve rate cuts and robust operating performance in key markets. The survey, which compiled over 8,200 data points from global hotel investors with more than $50 billion in hotel assets under management, highlights several promising trends for the US hotel sector.