Cushman & Wakefield’s Valuation & Advisory Hospitality & Gaming Practice Group provides consulting and valuation services for new and existing hotel properties across the globe. We are pleased to share our latest publication, Focus on Hotel Construction Costs 2017. This report focuses on U.S. hotel development.
Last year, 2016, marked a year of transition for the overall U.S. hotel market, as the major performance indicators of occupancy and rate growth moderated, and new hotel development accelerated. The hotel pipeline remains robust as new hotels are constructed and proposed for many markets across the country.