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 leisure and hospitality building construction projects that commenced in the US in Q4 2024, according to GlobalData’s construction projects database.
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1. Residence Inn Hotel at Patriots Point
The project involves the construction of a five-story, 7,618m2 hotel with 100 rooms in Mount Pleasant, South Carolina.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
2. Beloit Tribal Casino and Resort
The project involves the construction of a resort and casino across 12.54ha of land in Beloit, Wisconsin.
Construction work commenced in Q4 2024 and is expected to finish in Q1 2026.
The project aims to provide better hospitality and leisure facilities, economic development, and job growth for the citizens in the region. Buy the profile here.
3. University Of South Florida Football Stadium
The project involves the construction of a 57,135m2, five-tier stadium with a seating capacity of 35,000 in Tampa, Florida.
Construction work started in Q4 2024 and is forecast to complete in Q4 2027.
The project aims to provide better sports facilities in the region.
4. Hyatt Place Sonoma Wine Country
The project involves the construction of a six-story hotel comprising 165 rooms on 1.69ha of land in Sonoma, California, the US
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Hard Rock Hotel at Lake Texoma
The project involves the construction of an 189-room hotel in Texhoma, Oklahoma.
Construction work started in Q4 2024 and is expected to be completed in Q3 2027.
The project will be part of the Pointe Vista master-planned community. It aims to build a hotel to enhance hospitality facilities for the Pointe Vista mixed-use development.
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.
