U.S. Hotel Renovations Reach Record 2,097 Projects
A record 2,097 projects and 255,834 rooms are in the U.S. renovation and conversion pipeline as over 5,000 hotels built between 2006 and 2011 reach critical reinvestment age. Texas, Florida, and California lead the aging supply concentration, driving owners to update aging tech and finishes.
Key Takeaways
- 1Over 5,180 U.S. hotels (572,494 rooms) are now 15-20 years old, creating a wave of unavoidable major renovations.
- 2The current renovation and conversion pipeline stands at an all-time high of 2,097 projects and 255,834 rooms.
- 3Texas leads the aging inventory with 838 properties, followed by Florida (371) and California (301).
Source: Hotel Business
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