US Hotel Room Construction Up 31%: Report

Law360, New York (February 12, 2014, 5:53 PM EST) -- In a milestone for the hotel market, the number of rooms actively under construction in the U.S. has jumped up 31 percent compared with the same period last year, hospitality data firm STR Analytics said Wednesday.

According to January data, 95,180 rooms are under construction across all hotel sectors in the U.S., indicating a major jump in the number of deals that have managed to break ground over the past year. And the total number of projects in the pipeline, including those still in the planning...
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