The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2024, having grown by 1.1% in 2023. A key growth market will be the infrastructure market, with output rising by 0.9% 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 Europe’s five largest hotel construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Levantehaus Conrad Hotel Renovation
The project involves the renovation of the hotel complex in the Levantehaus, Hamburg, Germany.
Construction work started in Q3 2024 and is expected to be completed in Q3 2025.
The project aims to meet the growing demand in the hotel and leisure facilities.
2. Sydhavnen Guldsmeden Hotel
The project involves the construction of an 18-storey hotel building in Aarhus, Denmark.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
3. Maldron Hotel Croke Park
The project involves the construction of a seven-story, four-star hotel comprising 200 beds on 0.44ha of land in Dublin, Leinster, Ireland.
Construction work started in Q3 2024 and is forecast to complete in Q2 2026.
In July 2019, GAA purchased 12.8ha of land for $130 million in Drumcondra and sold 7.6ha of land to an international property firm, Hines.
4. Vienna House Easy by Wyndham Hotel
The project involves the construction of the Vienna House Easy by Wyndham hotel at Vienna-Schwechat Airport, Austria.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2025.
5. 5-10 Great Tower Street Hotel Building
The project involves the construction of a hotel building comprising 237 rooms in Greater London, the UK.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
For more details on the latest construction projects, buy the profiles here.
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