According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2023, having decreased by 7.0% in 2022. 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 Q2 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Sacramento Convention Center Expansion
The project involves the expansion of a convention center in Sacramento, California.
Construction work started in Q2 2023 and is expected to be completed in Q4 2023.
The project aims to provide better leisure and hospitality facilities in the region. Buy the profile here.
See Also:
2. Church Street Plaza Tower 2
The project involves the construction of a 35-story mixed-use tower in Orlando, Florida.
Construction work commenced in Q2 2023 and is expected to finish in Q3 2026.
The project aims to provide better hospitality and office facilities in the region.
3. Hilton Hotel at Mayo Clinic
The project involves the construction of an eight-story hotel in Jacksonville, Florida.
Construction work started in Q2 2023 and is forecast to complete in Q4 2025.
The aim of the project is to provide better hospitality in the region. Buy the profile here.
4. Pasadena AC Hotel by Marriott
The project involves the construction of a hotel in Pasadena, California.
Construction work commenced in Q2 2023 and is expected to be completed in Q2 2025.
The project aims to provide better hospitality facilities in the region. Buy the profile here.
5. Embassy Suites by Hilton Chattanooga Downtown
The project involves the construction of a hotel in Chattanooga, Tennessee.
Construction work started in Q2 2023 and is expected to be completed in Q3 2025.
The project aims to provide hospitality and leisure facilities for the people in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
