National Hospitality Construction Trends
Regional Hospitality Construction Trends
YTD through December 2024
Sources: Matthews Real Estate Investment Services , CoStar Group, Inc. West South
National Hospitality Development Trends
Regional Hospitality Development Trends
$424,000
Price Per Room (000s)
$114,000
YTD through December 2024
Sources: Matthews Real Estate Investment Services , CoStar Group, Inc.
$463,000 $414,000 $159,000 $98,000
Hotel Repurposing Into Multifamily Accelerating; Hotel Conversion Far Easier Than Office Conversion
Data as of December 2024
*Its important to adjust financials to reflect an NOI with line items for 3% management fee & 4% FF&E replacement reserves*
