According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. A key growth market will be the infrastructure market, with output rising by 12.6% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five hotel construction projects that commenced in the US in Q1 2024, according to GlobalData’s construction projects database.
1. Roseville Junction Mixed-Use Complex
The project involves the construction of mixed-use hotels on 4.4ha of land in Roseville, California.
Construction work started in Q1 2024 and is expected to be completed in Q1 2026.
The aim of the project is to enhance the leisure and residential requirements.
2. Coushatta Casino Resort Expansion
The project involves the construction of an eight-story hotel comprising 204 rooms at 777 Coushatta Drive in Kinder, Louisiana.
Construction work commenced in Q1 2024 and is expected to finish in Q4 2025.
3. Margaritaville Hotel
The project involves the construction of a 229-room hotel in Kansas City, Kansas.
Construction work started in Q1 2024 and is forecast to complete in Q2 2025.
The project aims to build an island-themed hotel with beach-themed bars, restaurants and leisure facilities within Western Wyandotte County. Buy the profile here.
4. Hotel Voco
The project involves the construction of a 104m-tall, 32-story, 13,006m2 hotel comprising 400 rooms in Midtown, New York.
Construction work commenced in Q1 2024 and is expected to be completed in Q4 2025.
The project aims to provide better hospitality facilities for people in the region.
5. Extended Stay America Select Suites
The project involves the construction of a four-story 4,645m2 apartment style suites on 0.7ha of land in Wildwood, Florida.
Construction work started in Q1 2024 and is expected to be completed in Q1 2025.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
