Here are the largest hotel construction projects initiated globally in Q4 2021, according to GlobalData’s construction projects database.
1. Entertainment District Expansion – $810m
The project involves the expansion of entertainment district in Texas, the US.
Construction work started in Q4 2021 and is expected to be completed in Q4 2025.
The project aims to provide hospitality and residential facilities in the region.
2. The Armand Mixed-Use Development – $800m
The project involves the construction of three five-story building with mixed-use facilities on 7ha of land at Longboat Key in Sarasota, Florida, the US.
Construction work commenced in Q4 2021 and is expected to finish in Q4 2024.
The project aims at providing high-end residential and luxurious hotel facilities for the region. It aims to redevelop the former Colony Beach & Tennis Resort site.
3. Quartier Grand Central Mixed-Use Development – $651m
The project involves the construction of a mixed-use complex on a 3.8ha area in Flingern, Düsseldorf, North Rhine-Westphalia, Germany.
Construction work started in Q4 2021 and is forecast to complete in Q4 2026.
The project aims to provide residential, commercial and leisure facilities and meet the growing demand in Flingern.
4. Lemon Creek Ranch Mixed-Use Development – $400m
The project involves the construction of a mixed-use complex on 48ha area in San Antonio, Texas, the US.
Construction work commenced in Q4 2021 and is expected to be completed in Q1 2025.
The project aims to provide better residential and retail facilities to the region.
5. Hotel Forum – $223m
The project involves the construction of the Hotel Forum in Barcelona on a 3.2ha area with a total gross floor area of 52,593m2 in Catalonia, Spain.
Construction work started in Q4 2021 and is expected to be completed in Q4 2022.
The project’s aim is to provide luxurious accommodation facilities for corporate sectors and tourists in the region.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.