Los Angeles Leads U.S. Pipeline in Early Planning Projects with 36 Hotels on the Drawing Board
August 23, 2016 11:13am
August 23, 2016 – PORTSMOUTH, NH – According to the recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), Los Angeles has 104 Projects/17,912 Rooms in the pipeline. There are 28 Projects/6,030 Rooms Under Construction, 40 projects/5,539 Rooms Scheduled to Start Construction in the Next 12 Months and 36 Projects/6,343 Rooms in Early Planning.
At 36 Projects/6,343 Rooms, Los Angeles has the largest number of Early Planning projects of any market in the Construction Pipeline. Of these, 20 Projects/4,372 Rooms have yet to make a branding decision, the largest of which is a 1,000-Room project downtown slated to open in 2020. Of the remaining projects in Early Planning, Hilton has 5 Projects/672 Rooms, the most of any franchise company in the market.
Tags: lodging econometrics,
united states construction pipeline trend report
Lodging Econometrics (LE) is the lodging industry’s leading consulting partner for global real estate intelligence. Combining unparalleled industry experience, a real-time pulse on market trends and extensive knowledge of key decision-makers, LE delivers actionable insights that turn their clients’ business goals into timely opportunities.
Contact: Emily Lloyd
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