The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2024, having decreased by 5.7% in 2023. A key growth market will be the infrastructure market, with output rising by 11.1% 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 North America’s five largest hotel construction projects that were initiated 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, the US.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
2. 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 finish in Q4 2026.
3. Hard Rock Hotel at Lake Texoma
The project involves the construction of an 189-room hotel in Texhoma, Oklahoma, the US.
Construction work started in Q4 2024 and is forecast to complete 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.
4. 2910 N Hall Street AC and Moxy Hotel
The project involves the construction of a 19-story, 2,322m2 hotel with 264 rooms in Dallas, Texas, the US.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2026.
5. Trinity Hotel Autograph Collection
The project involves the construction of a 13-floor hotel comprising 258 rooms at the corner of Trinity and Fifth Streets in Austin, Texas, the US.
Construction work started in Q4 2024 and is expected to be completed in Q3 2026.
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.
