The U.S. Hotel Pipeline at the End of Q3 2023
- Top U.S. hotel construction markets in Q3 2023: Dallas, Atlanta, Nashville, Phoenix, and the Inland Empire lead in the number of projects and rooms.
- Hotel renovation and conversion pipeline activity remains strong with 1,912 hotels and 285,568 rooms currently undergoing renovations.
- Notable openings and developments include the Candlewood Extended Stay Suites in Kennesaw, Avenue Hotels & Residences in Coral Gables, Hotel Lucine in Galveston, and Radisson RED Helsinki.
The DJIA rose 511 points, Nasdaq rose 146, the S&P 500 jumped 49 points and the 10-year treasury yield was up .03 to 4.88%. It was nice to see the bounce back in the overall market and lodging stocks rose but one day does not make a trend. SLNA led the lodging stocks with a 9% gain, although that was only up $0.0257 […]