January 25, 2013
Best Western to strengthen its 2013 hotel construction pipeline
Best Western International expects to strengthen its North American development pipeline in 2013 with 110 to 120 properties either constructed or converted, with more than 80 per cent of these hotels expected to be a Best Western Premier or Best Western Plus.
More than 40 per cent of Best Western’s 2013 development pipeline will be new construction projects, up from 35 per cent in 2012 and will add more than 10,800 guestrooms to the Best Western system. In addition, Best Western hoteliers in North America are expected to invest approximately $70 million in property upgrades this year. Ten to 15 of these projects will include the hotel brand’s new extended-stay prototype, which is being introduced in response to growing interest from existing Best Western owners and developer interest.
“A resurgence in confidence from developers coupled with strong demand for rooms in gateway cities and an elevated interest in developing within the midscale market will translate to a successful year for the Best Western brand,” said Mark Williams, vice-president of North American development for Best Western International, in a press statement.
Best Western is currently developing new hotels in cities across North America including Oakland, Calif., Houston and Cincinnati, as well as oil-rich markets in Texas and Alberta, Canada. The hotel brand plans to introduce in early 2013 its first Premier hotel in Manhattan, the Best Western Premier New York City Herald Square.
For more construction news follow @DCN_Canada on Twitter.
DCN NEWS SERVICES
|MOST POPULAR STORIES|
- Construction begins on 1.5-kilometre western portion of Mississauga transitway
- Tunnelling of the Toronto-York Spadina Subway Extension completed
- OCOT consultation comes to a halt over possible bias
- P3s put a jolt in electricity infrastructure
- “Super beam” installed in Montreal Champlain Bridge repair
- 20 Most Popular Stories
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 331 projects with a total value of $3,875,502,154 that Reed Construction Data Building Reports reported on Monday.
$2,200,000,000 Toronto ON Prebid
$125,000,000 Scarborough ON Prebid
$49,900,000 Toronto ON Prebid
- P3s can support Canadian resource development
- Parking culture shift can influence transit use and development, says expert panel
- What will it take to improve infrastructure?
- NRC unveils four new research programs
- Water-treatment plant planned for Manitoba’s CentrePort area
- RCMP make another arrest in connection with its SNC-Lavalin probe
- United States green construction arms race heats up
- Nova Scotia to ban importation of waste water from shale gas fracking
- VIDEO: Journal of Commerce Update for the week of December 9th, 2013
- Building the One
- New design-build contracts released
- Sales tax transition has been a mixed bag for industry
- Taseko files for judicial review of gold mine assessment
- Contract uncertainty and price escalation
- Edmonton college expansion moves ahead
- Council of Construction Associations names Dave Baspaly as new president
- $100 million added to Calgary's capital budget
- Massive investment will complete Kitimat smelter project
- Manitoba invests $45 million
- Corruption charge in probe of SNC-Lavalin