Dallas Hotel Boom: 80 Projects to Begin Construction Within Next Year
The Dallas area has topped national rankings for hotel development for more than a year as the Texas capital enjoys a hotel building boom.
The Dallas area hit a pipeline record, with roughly 80 hotels with a total of 9,021 rooms slated to begin construction in the next year, according to research firm Lodging Econometrics. For context, the U.S. as a whole has opened roughly 40,000 rooms in the past year.
“Dallas also leads the top five U.S. markets with the greatest number of projects in the early planning stage at the end of the third quarter,” Lodging Econometrics said.
Upcoming openings include Loews' $550 million hotel in nearby Arlington and the luxury Bowie House in Fort Worth.
After the Dallas area, Atlanta has the most new hotels in the construction pipeline. Nashville is close behind, with 122 projects.
It's unclear if Dallas has the momentum to overtake recent national champions for hotel openings, New York City and Atlanta.
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