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  1. Market Data
May 23, 2022

Top five hotel construction projects that commenced in the US in Q1 2022

By Carmen

Here are the top five hotel construction projects that commenced in the US in Q1 2022, according to GlobalData’s construction projects database.

1. 520 Fifth Avenue Mixed-Use Tower – $1,000m

The project involves the construction of a 71-story, 304m high mixed-use development on a 41,806m2 area in New York.

Construction work started in Q1 2022 and is expected to be completed in Q4 2026.

The project aims to build a mixed-use tower to provide better residential, commercial and leisure facilities in the region. Upon completion, it will achieve LEED, WELL, and WiredScore certifications for the property.

2. Panama City Beach Mixed-Use Community – $1,000m

The project involves the construction of a mixed-use community on 383.6ha land in Florida.

Construction work commenced in Q1 2022 and is expected to finish in Q4 2024.

The project aims to provide better residential, commercial, and retail facilities in the region.

3. Vegas Trade Village – $100m

The Vegas Trade Village project involves the construction of a mixed-use complex comprising 264 apartments on 14ha area in North Las Vegas, Nevada.

Construction work started in Q1 2022 and is forecast to complete in .

The project aims to provide better residential and hospitality facilities in the region.

4. The Gulch Hotel Development – $55m

The project involves the construction of two hotels in the Gulch, Nashville, Tennessee.

Construction work commenced in Q1 2022 and is expected to be completed in Q4 2024.

The project aims to provide leisure facilities in the region.

5. Hampton Inn by Hilton Hotel – $40m

The project involves the construction of a four-story hotel with 144 rooms in Delray Beach.

Construction work started in Q1 2022 and is expected to be completed in Q1 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.

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