In Depth: The Resort Segment

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 Resort projects have many moving parts, including a long, often complicated construction process; are labor intensive; and can take a while to get fully up to speed. But when the pieces all come together, the return on investment can be significant. With existing trophy destination resorts trading for sky-high prices, developers are always on the lookout for suitable new-construction opportunities. As of June 30th, Lodging Econometrics listed a healthy 976 projects in the U.S. resort construction pipeline, accounting for 137,937 guestrooms.

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Construction of the hotel on the site of the historic Equity Chambers building has commenced and the project is expected to open by Q2 2020.