Here are North America’s five largest hotel construction projects that were initiated in Q3 2021, according to GlobalData’s construction projects database.
1. Legacy Hotel and Residences Building – $500m
The project involves the construction of a 55-story mixed-use tower on 10.92ha of land in Miami, Florida, the US.
Construction work started in Q3 2021 and is expected to be completed in Q4 2023.
The project aims to provide hotel, meeting and event spaces, condos and wellness center facilities in the region.
2. Fort Worth Museum Place – $250m
The project involves the construction of a mixed-use complex on a 1.61ha area in Fort Worth, Texas, the US.
Construction work commenced in Q3 2021 and is expected to finish in Q4 2023.
The project aims to provide better retail, office, and residential facilities in the region.
3. 555 River House Mixed-Use Development – $200m
The project involves the construction of a 12-story mixed-use complex with three buildings in Miami, Florida, the US.
Construction work started in Q3 2021 and is forecast to complete in Q4 2022.
The project aims to provide better commercial and leisure facilities in the region.
4. Hilton Hotel and Garage Development – $177m
The project involves the construction of a 14-story hotel and a terminal garage in Nashville, Tennessee, the US.
Construction work commenced in Q3 2021 and is expected to be completed in Q4 2023.
The project aims to provide better hospitality facilities in the region.
5. Omni Tempe Hotel – $125m
The project involves the construction of a 16-story hotel in Tempe, Arizona, the US.
Construction work started in Q3 2021 and is expected to be completed in Q4 2023.
The project aims to provide better hospitality facilities 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.