DALLAS LEADS THE U.S. hotel construction pipeline for the fourth consecutive quarter, according to Lodging Econometrics. Among brands, Marriott International led the pipeline.
Dallas had a record 173 projects with 20,707 rooms in the second quarter of this year, followed by Atlanta with 140 projects containing 18,131 rooms, Los Angeles with 124 projects with 20,365 rooms, New York, with 113 projects with 19,238 rooms and Phoenix with 108 projects containing 14,964 rooms,
Marriott had 1,355 projects with 167,034 rooms, up 4 percent by projects year-over-year, tops the pipeline during the period.
The Q2 2022 U.S. Construction Pipeline Trend Report said that major markets and popular tourist destinations in the U.S. reported highest occupancy rates since the pandemic began in early 2020 in the second quarter mainly due to robust leisure travel, group, and international travel.
New York City with 78 projects with 13,063 rooms, Atlanta with 25 projects containing 3,905 rooms, Dallas with 25 projects with 3,725 rooms, Phoenix with 23 projects with 4,955 rooms and Los Angeles with 22 projects with 3,606 rooms are the top five markets with the most projects under construction during the end of June. They account for 22 percent of rooms under construction in the U.S.
According to LE, Atlanta has the most projects scheduled to start in the next 12 months, with 62 projects containing 8,020 rooms. It is followed by Atlanta and Dallas, with 55 projects with 6,465 rooms respectively.
Phoenix with 49 projects with 5,968 rooms, Houston with 45 projects containing 4,619 rooms and Los Angeles with 43 projects with 6,715 rooms are the next major markets.
Dallas has the most projects in early planning with 93 projects containing 10,517 rooms, followed by Los Angeles with 59 projects with 10,044 rooms, Atlanta with 53 projects containing 6,206 rooms, Orlando with 44 projects with 7,640 rooms and Washington DC with 40 projects with 5,659 rooms.
Most new projects were announced in Dallas in the second quarter with 16 projects containing 1,654 rooms. Atlanta followed with 11 projects with 1,206 rooms, the Inland Empire CA with 11 projects containing 1,113 rooms, Houston with 9 projects with 929 rooms, and Charlotte with 9 projects with 916 rooms.
LE report revealed that a total of 1,889 projects with 237,420 rooms are currently in the renovation and conversion pipeline. Houston tops the list in this segment with 42 projects containing 4,666 rooms, followed by Atlanta with 39 projects with 5,246 rooms, Chicago with 34 projects with 4,908 rooms, Dallas with 30 projects with 3,785 rooms, and San Diego with 28 projects containing 4,753 rooms.
Twenty-six percent of new hotels are expected to open in New York, Austin, Atlanta, Los Angeles, Nashville, Detroit, and the Inland Empire in the second half of the year. In the second quarter, the top 25 markets in the U.S. are forecast to open 46 percent of the rooms by year-end.
Among top 50 markets, New York City is forecast to open 58 projects with 8,329 rooms this year, followed by Austin with 25 projects containing 3,291 rooms, Atlanta with 22 projects with 2,598 rooms, Los Angeles with 18 projects containing 3,191 rooms, and then Nashville with 17 projects with 2,630 rooms. As many as 151 projects with 18,966 rooms were opened in the first half of 2022 in the top 50 markets, and another 252 projects with 33,948 rooms are expected to open in the remaining two quarters, which will take the total to 403 projects with 52,914 rooms by year-end.
LE predicts that 366 projects accounting for 46,176 rooms will be opened in 2023 within the top 50 markets, with a growth rate of 1.7 percent, and 402 new hotel projects with 47,065 rooms in 2024, with similar growth rate.
Marriott, Hilton lead among brands
According to LE, projects by Marriott International leads U.S. hotel construction pipeline among franchise companies.
It is followed by Hilton Worldwide with 1,312 projects containing 147,780 rooms, an 8 percent year-over-year increase, and InterContinental Hotels Group with 789 projects with 79,701 rooms, up 2 percent by projects year-over-year. They comprise 66 percent of the projects and 64 percent of the rooms in the pipeline in the first half of this year.
Marriott has the most projects under construction and scheduled to start within the next 12 months, with 249 projects with 33,398 rooms and 653 projects with 80,395 rooms respectively. Hilton has the most projects in the early planning stage of the pipeline, with 725 projects containing 78,879 rooms, together they account for a record 32 percent of projects in the early planning stage.
Home2 Suites by Hilton leads among brands in the pipeline with 465 projects with 47,825 rooms, followed by Holiday Inn Express by IHG with 299 projects containing 28,598 rooms. Hilton’s Hampton by Hilton with 281 projects with 28,591 rooms, Marriott’s TownePlace Suites with 270 projects containing 25,340 rooms and Fairfield Inn brand with 235 projects with 21,885 rooms are next in the list.
During the first half, 247 hotels with 28,116 rooms opened across the U.S. Marriott, Hilton, and IHG branded hotels accounted for 70 percent with 172 new hotel openings and 20,365 rooms.
Marriott opened 78 new hotels with 9,475 rooms, Hilton opened 64 new hotels containing 7,901 rooms and IHG opened 30 new hotels with 2,989 rooms. LE said that they will open another 248 hotels with 30,756 rooms by the end of 2022.
According to LE, Marriott will open 169 new hotels with 21,834 rooms this year, up 2.5 percent, followed by Hilton with 150 new hotels containing 17,698 rooms, an increase of 2.3 percent, followed by IHG with 101 new hotels with 11,589 rooms, with a growth rate of 2.7 percent.
Marriott is expected to open another 181 new hotels with 21,850 rooms next year, up 2.4 percent, Hilton will open 154 new hotel projects containing 18,974 rooms, up 2.5 percent, IHG top open 153 new hotels accounting for 15,650 rooms, with a growth rate of 3.6 percent in 2023.
In 2024, Marriott is forecast to open 227 projects with 26,807 rooms, up 2.9 percent, Hilton is expected to open 189 new hotels with 20,048 rooms, an increase of 2.5 percent, and IHG is expected to open 202 new projects with 19,781 rooms, up 4.4 percent, according to LE forecast.
The recent LE report said that U.S. hotel construction pipeline continued its growth at the end of the second quarter of 2022 with 5,220 projects with 621,268 rooms.
The Trump administration says it is reviewing more than 55 million visa holders.
Reviews cover a wide range of visas for law enforcement and overstay violations.
The administration also suspended worker visas for foreign commercial truck drivers.
THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.
The State Department confirmed all visa holders are subject to ongoing review, which includes checking for overstays, criminal activity, threats to public safety or ties to terrorism. Should violations be found, visas may be revoked, and holders in the U.S. could face deportation, according to the Associated Press.
Officials said the reviews will include monitoring of visa holders’ social media accounts, law enforcement records and immigration files. New rules also require applicants to disable privacy settings on phones and apps during interviews. The department noted visa revocations since President Trump’s return to office have more than doubled compared to the previous year, including nearly four times as many student visas.
The administration also announced an immediate halt on issuing worker visas for foreign commercial truck drivers, with Secretary of State Marco Rubio citing road safety and competition concerns for U.S. truckers.
“The increasing number of foreign drivers operating large tractor-trailer trucks on U.S. roads is endangering American lives and undercutting the livelihoods of American truckers,” Rubio posted on X.
The Transportation Department linked the move to recent enforcement of English-language proficiency requirements for truckers, aimed at improving safety. The State Department later said it was pausing visa processing while it reviewed screening protocols.
Critics, including Edward Alden of the Council on Foreign Relations, warned the actions could have significant economic consequences.
“The goal here is not to target specific classes of workers, but to send the message to American employers that they are at risk if they are employing foreign workers,” Alden wrote, according to AP.
Data from the Department of Homeland Security shows there are 12.8 million green card holders and 3.6 million temporary visa holders in the United States. The 55 million figure under review includes many outside the U.S. with valid multiple-entry tourist visas.
Earlier this week, the State Department reported revoking more than 6,000 student visas for violations since Trump returned to office, including around 200 to 300 for terrorism-related issues.
The vast majority of foreign visitors require visas to enter the U.S., with exceptions granted to citizens of 40 countries under the Visa Waiver Program, primarily in Europe and Asia. Citizens of China, India, Russia and most of Africa remain subject to visa requirements.
A $250 Visa Integrity Fee in President Donald Trump’s Big Beautiful Bill drew criticism from groups that rely on seasonal workers from Latin America and Asia on J-1 and other visas.
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Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
The company promotes retroactive CPACE funding for commercial real estate development.
PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.
The 2,520-room Rio, now under the Destinations by Hyatt brand, was renovated in 2024 and comprises two hotel towers connected by a casino, restaurants and retail, Peachtree said in a statement.
“This transaction is a milestone for Peachtree Group and a testament to the ecosystem we have built over the past 18 years,” said Greg Friedman, Peachtree's managing principal and CEO. “Through our vertically integrated platform, deep expertise and disciplined approach, we have developed the infrastructure to be a leader in private credit. Our ability to deliver speed, creativity and certainty of execution positions us to provide capital solutions that create value for our investors and partners across market cycles.”
Atlanta-based Peachtree is led by Friedman; Jatin Desai as managing principal and CFO and Mitul Patel as principal.
The CPACE loan retroactively funded the renovations, allowing the owners to pay down their senior loan, the statement said. The property improvement plan included exterior work, upgrades to the central heating and cooling plant, electrical infrastructure improvements and convention center renovations.
Jared Schlosser, Peachtree’s head of originations and CPACE, said the deal marks an inflection point, with major financial institutions consenting to its use for the benefit of the capital stack.
“By closing quickly on a marquee hospitality asset, we were able to strengthen the position of both the owner and its lenders,” he said.
The CPACE market has surpassed $10 billion in U.S. originations in just over a decade, according to the C-PACE Alliance, with growth expected as more institutional owners and lenders adopt it.
“We see significant opportunity for retroactive CPACE and its use in funding new commercial real estate development,” Schlosser said. “It is an alternative to more expensive forms of capital.”
In June, Peachtree named Schlosser head of originations for all real estate and hotel lending and leader of its CPACE program. Peachtree recently launched a $250 million fund to invest in hotel and commercial real estate assets mispriced by capital market illiquidity.
Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.
SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.
The 2020-built hotel is less than 20 miles from Manhattan in a commercial corridor with major employers including Driscoll Foods, FedEx Group, Advanced Biotech, St. Joseph’s Wayne Hospital, and the Passaic County Administration, Hunter said in a statement. William Paterson University, Willowbrook Mall, and MetLife Stadium are also nearby.
It features an on-site fitness center, business center and indoor pool.
“The Home2 Suites by Hilton Wayne represents the type of asset we target,” said Patel. “Its proximity to major corporate demand generators, higher education institutions, and retail and entertainment venues supports strong performance.”
Hunter’s senior vice presidents, David Perrin and Spencer Davidson, brokered the transaction.
Patel said this is their second transaction with Hunter and praised the process and partnership.
“We look forward to building on the hotel’s recent performance and continuing to deliver guest experiences in the Greater New York City community,” he said.
Northstar Hotels Management recently acquired a 78-key Residence Inn and an 81-key Courtyard near the Jacksonville, Florida, airport.
Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
The U.S. leads with 6,280 projects; Dallas tops cities with 199.
Nearly 2,900 hotels are expected to open worldwide by the end of 2025.
THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.
The U.S. leads with 6,280 projects and 737,036 rooms, 40 percent of the global total. Dallas leads cities with 199 projects and 24,497 rooms, the highest on record.
LE’s Q2 2025 Hotel Construction Pipeline Trend Report showed 6,257 projects with 1,086,245 rooms under construction worldwide, unchanged in project count and down 3 percent in rooms from last year. Projects scheduled to start in the next 12 months totaled 3,870 with 551,188 rooms, down 3 percent in projects but up 1 percent in rooms. Early planning reached 5,744 projects and 798,792 rooms, up 10 percent in projects and 9 percent in rooms year-over-year.
Upper midscale and upscale hotels accounted for 52 percent of the global pipeline, LE said. Upper midscale stood at 4,463 projects and 567,396 rooms, while upscale reached 3,852 projects and 655,674 rooms. Upper upscale totaled 1,807 projects and 385,396 rooms, and luxury totaled 1,267 projects and 245,665 rooms, up 11 percent year-over-year.
In the first half of 2025, 970 hotels with 138,168 rooms opened worldwide. Another 1,884 hotels with 280,079 rooms are scheduled to open before year-end, for a 2025 total of 2,854 hotels and 418,247 rooms. LE projects 2,531 hotels with 382,942 rooms to open in 2026 and 2,554 hotels with 382,282 rooms to open globally in 2027, the first time a forecast has been issued for that year.
HAMA is accepting submissions for its 20th annual student case competition.
The cases reflect a scenario HAMA members faced as owner representatives.
Teams must submit a financial analysis, solution and executive summary.
THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.
Student teams must prepare a financial analysis, a recommended solution and an executive summary for board review, HAMA said in a statement.
“Each year, the education committee looks forward to the solutions that the next generation of hotel asset managers bring, applying their own experiences to issues in ways that reveal new directions,” said Adam Tegge, HAMA Education Committee chair. “This competition demonstrates that the future of hotel asset management is in good hands.”
The two winning teams will each receive a $5,000 prize and an invitation to the spring 2026 HAMA conference in Washington, D.C. HAMA will cover travel and lodging.
Twenty industry executives on the HAMA education committee will evaluate submissions based on presentation quality, the statement said. HAMA mentors volunteer from September through November to assist teams seeking feedback and additional information. Schools will select finalists by Jan. 15, with graduate and undergraduate teams reviewed separately.
The competition has addressed topics in operating and owning hospitality assets and HAMA consulted university professors to update the format for situations students may encounter after graduation, the statement said.
This year’s participants include University of Denver, University of Texas Rio Grande Valley, Boston University, Florida International University, Michigan State University, Columbia University, Morgan State University, Howard University, New York University and Penn State University.