Two of the four world regions, Europe and Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter.
LCP announced a $45,250,000 construction loan to Sun Development fr The Printing House, a Tapestry by Hilton.
Currently at the lowest number of projects in the Latin America construction pipeline since the first quarter of 2012.
At the end of Q2 2021, Europe remained the only world region with a year-over-year increase in hotel rooms in construction
Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year.
Rooms under construction are at an all-time high of 967 projects/157,833 rooms.
Analysts at Lodging Econometrics state in the Q2’20 Latin America Hotel Construction Pipeline Trend Report, that the total construction pipeline is down 4% by projects and rooms, year-over-year.
According to analysts at Lodging Econometrics, Canada’s hotel construction pipeline continued to expand at the close of Q2’20.