Using the HotelMarketData database from BuildCentral, we’re examining the United States’s top hotel construction pipelines. To do that, we’re taking advantage of HotelMarketData’s complete project lifecycle tracking to look exclusively at hotel projects set to begin construction in 2023.
In doing so, take note of the detailed project reporting that BuildCentral’s 75-plus researchers compile and update daily. For each of the leading states for hotel construction pipelines, we highlight one sample project report.
Which states have the top hotel construction pipelines for 2023?
Top 2023 Hotel Construction Pipelines
Texas
| Construction Type: |
Renovation |
Chain: |
Independent – Mid-Range |
| Estimated Value: |
< $1 million |
Franchise: |
Independent |
| Rooms: |
249 |
Scale: |
Mid-Range |
| Location: |
Eagle Pass, TX 78852. 794 Lucky Eagle Drive |
| Ancillary Facilities: |
Food Service, Retail, Pool, Gym |
| Details: |
Plans call for renovation to the business center, elevator, fitness facilities, hallways and meeting facilities at the 249-room Kickapoo Lucky Eagle Casino and Hotel. |
| Stage: |
Starts in 1-3 months |
| Construction Start: |
2/2023 |
| Construction End: |
6/2023 |
California
| Construction Type: |
New |
Chain: |
Independent – Luxury |
| Estimated Value: |
> $100 million |
Franchise: |
Independent |
| Rooms: |
180 |
Scale: |
Luxury |
| Location: |
San Francisco, CA 94105. 550 Howard St |
| Details: |
Plans call for the construction of a 61-story mixed-use building with house residences, office, and retail space. 15 floors will be used as 180-room Rosewood Hotel. |
| Stage: |
Starts in 1-3 months |
| Construction Start: |
Q1/2023 |
| Construction End: |
Q1/2026 |
Florida
The Encore
| Construction Type: |
New |
|
|
| Estimated Value: |
$12 million |
|
|
| Rooms: |
178 |
Scale: |
Upscale |
| Location: |
Tampa, FL 33602. 1101 E Harrison Street |
| Details: |
Plans call for construction of a 178-room upscale hotel as a part of the Encore development. The hotel and residential uses will be separated by a pedestrian alleyway that will be lined with restaurant and retail tenants. |
| Stage: |
Starts in 4-12 months |
| Construction Start: |
Q3/2023 |
| Construction End: |
Q4/2024 |
Tennessee
| Construction Type: |
New |
|
|
| Estimated Value: |
$13 million |
|
|
| Rooms: |
183 |
|
|
| Location: |
Nashville, TN 37203. 701 7th Avenue South |
| Ancillary Facilities: |
Food Service |
| Details: |
Plans call for the construction of 112 condominium units, 183 hotel rooms, and 4,500 square feet of retail and restaurant space in a 30-story building. This will be the second tower of the Paseo South Gulch project. |
| Stage: |
Starts in 1-3 months |
| Construction Start: |
Q1/2023 |
| Construction End: |
Q1/2025 |
New York
570 Fifth Avenue
| Construction Type: |
New |
|
|
| Estimated Value: |
> $100 million |
|
|
| Rooms: |
300+ |
|
|
| Location: |
New York, NY 10036. 570 5th Ave |
| Details: |
Plans call for the development of a 47-story building with two possible scenarios. One will be an office building with 1,162,559-square-feet of office space and 13,453-square-feet of retail. The other scenario will be a mixed-use residential building consisting of 324,841-square-feet of residential space, 800,866-square-feet of hotel space, and 50,503-square-feet of retail space. |
| Stage: |
Starts in 1-3 months |
| Construction Start: |
Q1/2023 |
| Construction End: |
Q1/2028 |
Illinois
The Duke of Wells
| Construction Type: |
New |
|
|
| Estimated Value: |
$26 million |
|
|
| Rooms: |
203 |
|
|
| Location: |
Chicago, IL 60610. 1528 North Wells Street |
| Ancillary Facilities: |
Food Service, Retail, Pool, Gym |
| Details: |
Plans call for demolition of O’Brien’s and construction of a boutique hotel with 203 guest rooms. The hotel would include a restaurant, probably O’Briens, and a patisserie. The building will be 12 stories tall with a rooftop penthouse and will also feature 2,000 square feet of meeting room, a spa, a fitness center and ballroom space. The project will include an above-ground, 3-level parking garage. |
| Stage: |
Starts in 4-12 months |
| Construction Start: |
Q2/2023 |
| Construction End: |
Q4/2025 |
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