Hotel Construction
Extended-stay and select-service hotel trends in 2024 drive investor interest
Research shows investors are rising to meet demand in these sectors. The enduring influence of consumer preferences since the global pandemic is pushing trends for select-service and extended-stay hotels, leading to investor optimism. That’s according to a report from JLL, a professional services firm that specializes in real estate and investment management. Their research, reported…
2024 Hospitality Construction Trends
Hospitality construction gets cultured Expect a resurgence in hospitality construction in the year ahead — fueled by growing travel demand and a shift toward experiences that merge luxury with personalization. The industry is not just rebuilding; it’s reimagining its spaces to offer guests something beyond the conventional. From urban hotels to resort destinations, the…
Hospitality industry trends show rebound
Hospitality trends show industry nearing prepandemic levels Hotel construction trends show promise for 2023 While hotel starts in 2023 will show tepid growth due to the overall economy, the industry is rebounding. In 2022, RevPAR reached record highs, exceeding prepandemic levels, and room starts increased 37.6% after three years of decline. And for 2023, STR…
2023 trend report reveals most promising building opportunities
2023 trend report shows where and how to stay ahead of competitors While economic forecasters predict little overall growth in commercial construction in the year ahead, opportunities are still there for the investors, developers and property owners who want to continue building the future and position themselves to maximize ROI as remaining COVID clouds dissipate.…
Design-build trends for hospitality and restaurants in 2022
Design-build outlook for hotels looks promising After taking big pandemic hits alongside the rest of the travel industry in 2020, the hotel sector improved in 2021. At this writing, CBRE is forecasting 2021 will close with a national occupancy rate of 54%, followed by 62% in 2022. But the commercial real estate services and investment…
DBS Group to renovate St. Croix Danbury Lodge
The St. Croix Chippewa Indians of Wisconsin have contracted with DBS Group to design and construct renovations to its St. Croix Danbury Lodge in Danbury, WI. The project includes a build-back and renovation of the guest suites, pool area and common areas in the north wing, which sustained severe fire damage several years ago. It…
How the pandemic is transforming the hospitality industry
COVID-19 is speeding the evolution of hospitality From lockdowns to economic slowdowns, from closed borders to closed businesses, the global pandemic has ripple effects that are deeply felt throughout the hospitality industry. The result: the industry is evolving at an exponentially faster rate to meet changing consumer demand. Jones Lang LaSalle IP, Inc. (JLL.com) reports…
2020 Commercial Construction Trend Report shows pockets of opportunity
As we look ahead to 2020, experts are calling for slower economic growth, meaning development and investment decisions must focus where opportunity is greatest.
Trend Alert: Hospitality
Here’s what to expect in the hospitality industry for 2019.
The perfect property: CRE construction project site selection
How will you know when you find the perfect property?