In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on the markets of Los Angeles and Anaheim, CA, LE states that both of these markets combined have a total of 178 projects/30,897 rooms in the construction pipeline. Of this total, hotels presently under construction are at 43 projects/8,025 rooms, projects scheduled to start construction in the next 12 months are at 81 projects/12,145 rooms, and those in early planning are at 54 projects/10,727 rooms.
Los Angeles and Anaheim should continue their growth over the next few years. In the third quarter of 2018, there were 39 new hotel projects/8,734 new hotel rooms announced into the public domain.
The three market tracts with the largest hotel construction pipelines are: the LA Central Business District with 40 projects/9,844 rooms; Los Angeles East with 26 projects/3,807 rooms; and Los Angeles North with 23 projects/2,440 rooms. These three active market tracts combined, account for 50% of Los Angeles and Anaheim’s total construction pipeline.
The market tracts with the most projects presently under construction are the Central Business District with seven projects/1,351; Disneyland with six projects/2,097 rooms; and Hollywood/Beverly Hills with five projects/947 rooms.
In the same report by Lodging Econometrics on the Washington, DC and Baltimore markets, LE states that DC and Baltimore combined have a total of 107 projects/15,745 rooms in the construction pipeline. Of this total, hotels presently under construction are at 28 projects/4,179 rooms, projects scheduled to start construction in the next 12 months are at 37 projects/5,460 rooms, and those in early planning are at 42 projects/6,106 rooms.
For Washington, DC and Baltimore, in the third quarter of 2018, there were 20 new projects/2,492 new hotel rooms announced into the public domain.
The three market tracts with the largest hotel construction pipelines are: the DC Central Business District with 20 projects/4,324 rooms; the Maryland South/East area with 12 projects/1,467 rooms; and the Dulles Airport Area of Virginia with 10 projects/1,576 rooms. These three market tracts combined, account for 39% of DC and Baltimore’s total construction pipeline by project count.
The market tracts with the most projects presently under construction are the DC Central Business District with eight projects/1,795; Maryland South/East with five projects/737 rooms; and the Baltimore Central Business District with four projects/535 rooms.
Lodging Econometrics (LE) can provide a deep-dive into any market in the United States as well as any market around the world. LE has the most accurate and comprehensive intelligence on the hotel construction pipeline by stage, new project announcements, announced renovations, brand conversions, open and operating hotels, recent sales transactions and much more. For more information, please contact LE: (603) 427-9542 or [email protected].
—JP Ford, SVP, director of global business development, Lodging Econometrics
—Bruce Ford, SVP, director of global business development, Lodging Econometrics
—Tom O’Gorman, VP of sales, Lodging Econometrics