Close

Cart

Total $0.00

Checkout

May 13, 2016 – PORTSMOUTH, NH - Lodging Econometrics reports that in the first quarter of 2016 there were 15 Marriott-branded Upscale hotel sales in the United States that had selling prices reported into the public domain. The Average Selling Price Per Room (ASPR) for these Marriott-branded hotels was $178,131, while the ASPR for the remaining 17 transactions in the Upscale sector was $123,465.

The 15 Marriott-branded Upscale transactions consisted of: five Courtyards with an ASPR of $204,054; five SpringHill Suites with an ASPR of $192,891; and five Residence Inns with an ASPR of $133,029. The highest ASPR for a single transaction was $316,667 for the SpringHill Suites in downtown Seattle.

United States Construction Pipeline Trend Report
According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. Hotel Construction Pipeline ended Q1 2016 with 4,471 Projects/551,965 Rooms, up 15% by projects and 13% by rooms Year-Over-Year (YOY). This is the 14th consecutive quarter of pipeline growth.

There are 1,356 Projects/174,996 Rooms currently Under Construction, up by 239 projects or 21%. Projects scheduled to Start in the Next 12 Months, at 2,047 Projects/234,638 Rooms, are up 448 projects, or 28%. Projects in Early Planning with 1,068 Projects/142,331 Rooms are down by 101 projects, a decrease of 9%. It is the second consecutive quarter where the project and room count in Early Planning has dropped.

About Lodging Econometrics

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: Peter Martin

pmartin@lodgingeconometrics.com / +1 603-427-9553

Related News

Latin America's Construction Pipeline Stalling With Pojects Down 5% YOY

Projects in Canada's Construction Pipeline Up 17% YOY

Mid-Market Brands Led Hotel Sales Volume in 2017

Orlando Tops 2017 Markets with 21 Hotels Sold and Average Selling Price Per Room of $96,402

Hotel Sales Volume Declines, Average Price Per Room Increases Moderately

Extended-Stay Hotels Account for 27% of All Projects Under Construction

2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019

Upper Midscale and Upscale Projects Lead the U.S. Construction Pipeline Comprising 67% of Total Pipeline

Marriott, Hilton and IHG Lead U.S. Construction Pipeline Comprising 69% of Total Pipeline

Marriott Boasts Largest Franchise in U.S. Construction Pipeline with 1,410 Projects Total

The Year-End U.S. Hotel Construction Pipeline Continues Its Upward Growth Trend, Projects Up 4% YOY

North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline

Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects

Shanghai Leads China's Construction Pipeline Followed by Guangzhou, Chengdu and Beijing

Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY

Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY

Europe's Hotel Construction Pipeline Up 22% Led by AccorHotels

Latin America’s Construction Pipeline is Stalling, Down 4% by Projects YOY

Projects in Canada's Construction Pipeline are Up 11% YOY

New Openings Growing Steadily as the Cycle Matures

All News »

Please login or register to post a comment.