Here are North America’s five largest hotel construction projects that were initiated in Q2 2022, according to GlobalData’s construction projects database.
1. JPMorgan Chase Global Headquarters – $250m
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The project involves the construction of a mixed-use tower in Manhattan, New York, the US.
Construction work started in Q2 2022 and is expected to be completed in Q3 2025.
The aim of the project is to accommodate 14000 employees with facilities to work, shop, stay, play and dine.
2. Ponce City Market Expansion – $90m
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By GlobalDataThe project involves the expansion of Ponce City Market in Atlanta, Georgia, the US.
Construction work commenced in Q2 2022 and is expected to finish in Q1 2024.
The aim of the project is to provide better facilities to the region.
3. Huntsville WaterWalk Hotel – $80m
The project involves the construction of a 126 room hotel in Alabama, the US.
Construction work started in Q2 2022 and is forecast to complete in Q4 2023.
The project aims to provide better hospitality facilities in the region.
4. Populus Hotel Development – $52m
The project involves the construction of a 12,077m2, 13-story hotel building in Denver, Colorado, the US.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2023.
The project aims to provide better hospitality facilities, reduce carbon emissions and strengthen community bonds in the region.
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5. Hotel Granduca Austin Renovation – $40m
The project involves the renovation of a 17,651m2, 194-room hotel on 15ha of land in Texas, the US.
Construction work started in Q2 2022 and is expected to be completed in Q4 2022.
The aim of the project is to meet the region’s growing demand for hotel rooms.
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.
