Hotel Construction Rebounds Across the U.S.

Hotel starts for last four quarters are up 32 percent year over year.

During the past four quarters, construction starts for hotels across the nation were up 32 percent by room count from the same period a year ago, according to the latest project report from the Associated General Contractors of America.

New hotel project announcements are up 22 percent, according to Lodging Econometrics, which tracks the hotel industry globally, AGC reported.

“Fueling the construction rebound are rising occupancy and room rates at U.S. hotels since 2009 and a willingness by more lenders to make hotel-construction loans, typically the most volatile and risky of commercial real-estate classes.

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Source: AGC/Austin Business Journal