New York City Leads U.S. Construction Pipeline with 196 Projects/32,121 Rooms
August 15, 2016 11:15am
August 15, 2016 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the New York City Hotel Construction Pipeline is at 196 Projects/32,121 Rooms. It is the largest pipeline in the U.S. New York City also has the highest number of projects Under Construction with 103 Projects/19,010 Rooms, 53% of New York’s Total Pipeline. Projects Scheduled to Start in the Next 12 Months are at 62 Projects/8,868 Rooms, while Early Planning stands at 31 Projects/4,243 Rooms.
Marriott International has the most pipeline projects Under Construction of any franchise company in New York City with 22 Projects/5,526 Rooms, the largest of which is a 614-room Moxy in Midtown.
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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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