U.S. Hotel Development Pipeline Is in Good Shape With Dallas Booming

Daily Lodging Report

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The Study at the University of Chicago is in its soft opening phase at its 12-story, 167-unit building on the Midway. The property, located beside the Rubenstein Forum, features fitness facilities, ballroom and conference spaces, and a tavern-style restaurant that will open by the end of the 2021-2022 academic year. The hotel’s conference spaces include one larger space and four smaller spaces. The primary ballroom space features a full bar and two patios. This property is the third development from the Study Hotels Brand, a subsidiary of Hospitality 3 that develops properties adjoining university campuses.

The Phuket Hotel Market Update 2022 from C9 Hotelworks suggests more than 73% of new hotel developments in Phuket, Thailand, are either lying dormant or have been put on hold. Negative sentiment and stressed liquidity have affected development, which has seen an incoming supply of 33 properties with 8,616 rooms facing an uncertain future. Around 55% of the hotel projects are mixed-use or hotel residences with rental-based investment schemes targeting individual investment buyers. C9 said some of the real-estate-led hospitality projects may not return to the pipeline

According to Lodging Econometrics’ Q1 2022 Construct