Getting a new hotel project off the ground—whether through new construction, renovation or adaptive reuse—is not for the faint of heart these days. High costs of labor and materials and limited availability of financing are all hurdles developers must overcome in today’s hotel environment.
However, plenty of projects are getting done, and sources tell Hotel News Now that savvy developers who know their market, their product and their demand drivers can make it happen.
In this Hotel News Now Special Report, sponsored by La Quinta, hotel owners, operators, construction company executives, architects, consultants and more weigh in on the challenges and opportunities of hotel development. They share insights on topics ranging from labor costs to brand selection, and offer best practices for dealing with property-improvement plans and even selecting a project manager.
It’s a must-read for developers navigating hotel projects today.
