4 ways to transform old buildings into modern assets
As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
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As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
In the continuous battle against housing shortages and the surplus of vacant buildings, developers are turning their attention to the viability of adaptive reuse for their properties.
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
Travelers are always looking for a home away from home, and the tourist industry needs these vacationers to survive. Creating a winning hotel can benefit everybody, and people will return to your retreat time and time again.
The hotel will combine the AC Hotels, Residence Inn, and SpringHill Suites brands.
But concerns about overbuilding persist.
The winning firm will design the master plan and central buildings for the man made Haikou Bay island.
The 66-story building is now the 7th tallest completed building in Guangzhou.
Millennials’ desire for authentic experiences has been the catalyst for a refresh of most brand standards, writes Gensler's Lisa Kong
Paul Brussow, Executive Vice President with Rider Levett Bucknall, offers cost control strategies for hotel renovations projects.
Its developers envision a thriving business, education, and entertainment district, highlighted by a huge observation tower and aquarium.
The 38-story building will have a mashrabiya latticed facade with hotel and residential space inside.
Development investment is twice what it was five years ago.
New York continues to be the leader among metros in projects and rooms in the pipeline, according to Lodging Econometrics latest data.