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Cost and Effect: The Role of Value Engineering in Restaurant Construction

Modern Restaurant Management

How value engineering can be a restaurant construction solution in the face of rising prices and unpredictable supply chains. As the prices of construction materials skyrocket due to rising inflation and supply chain woes, budgeting for commercial development has become significantly more challenging. Talk the Talk. Lines and Designs.

Budgeting 208
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Chestnut Run Innovation & Science Park hotel secures $23.5M construction financing

Hotel Business

million in construction financing for the development of a new Residence Inn by Marriott hotel in Wilmington, DEs Chestnut Run Innovation & Science Park (CRISP). The construction financing was arranged by Philadelphia-based D2 Capital Advisors’ Jack Cortese, David Frankel and John Lightcap. D2 Capital Advisors arranged $23.5

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Bridge launches ground-up construction lending program

Hotel Business

Bridge , a digital platform that connects middle-market developers with a network of debt capital providers, has launched its ground-up construction lending program, an in-house lending program designed to support construction and rehab projects for franchised hotels.

Catering 119
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LE: Dallas hits all-time-high construction project count

Hotel Business

Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines by projects at Q3 2023 are led by Dallas with an all-time high of 189 projects/21,840 rooms, followed by Atlanta with 140 projects/17,775 rooms and Nashville with 122 projects/16,046 rooms.

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UK hotel construction slows as delayed projects complete

Hotel Owner

The UK currently has around 22,500 hotel rooms under construction and expected to enter the market by the end of 2026, with most due to open next year, according to data from CoStar. However, construction of new hotel rooms has not dropped significantly as a result of construction delayed by the pandemic being completed.

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LE: Combined top 25 U.S. markets construction pipeline shows YOY growth

Hotel Business

Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. Dallas has 25 projects/3,739 rooms, while Phoenix has 24 projects/5,155 rooms projects presently under construction.

Marketing 105
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Luxury projects hit historic highs while limited-service hotel development booms in the United States

Hotel Business

hotel construction pipeline, with full-service projects—encompassing luxury, upper-upscale, upscale and casino properties—representing 2,295 projects and 349,812 rooms, or 37% and 48% of the total pipeline respectively. Overall, however, full-service developments are commanding a more substantial portion of the U.S.