The number of hotel rooms under construction in Charlotte has fallen more than 40% over the past year, from nearly 1,350 rooms to 780. Meanwhile, rooms in final planning have ballooned more than 50%, from about 1,900 a year ago to nearly 3,000. Another 3,200 rooms are in the planning stage.
Hotel Construction in Charlotte Drops 40% From Prior Year
Challenging Debt Markets Cause Projects To Pause in Final Planning
By Daryl Cronk
CoStar Analytics
October 31, 2023 | 1:42 P.M.
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IN THIS ARTICLE
- Properties
- InterContinental Charlotte
230 Tryon St, Charlotte, NC
- Tribute Portfolio Hotel Charlotte Plaza
1101 Central Ave, Charlotte, NC
- Charlotte Uptown, Curio Collection by Hilton
7th Street & Tryon North, Charlotte, NC