Hotel business continues to shine [2013 Giants 300 Report]

Now rising in the Big Apple, the 70-story Central Park Marriott will be the tallest hotel in the Western Hemisphere when completed by CNY Group. The $200 million project, with structural engineering by WSP, reflects the generally upbeat mood in the hospitality market.

“Globally, hotel operating fundamentals are poised to remain strong in 2013,” says Mark Wynne-Smith, Global CEO of Jones Lang LaSalle’s Hotels and Hospitality Group. Despite some economic stressors, JLL believes supply and demand, availability of investment capital (especially from private equity funds), and REIT stock prices all point to “an attractive environment” for hotel business worldwide.

TOP HOTEL ARCHITECTURE FIRMS

2012 Hospitality Revenue ($)

1 Gensler $69,090,000

2 WATG / Wimberly Interiors $54,713,000

3 HKS $32,000,000

4 Leo A Daly $19,999,621

5 RTKL Associates $19,730,000

6 Hnedak Bobo Group $17,425,000

7 Perkins Eastman $11,600,000

8 Kohn Pedersen Fox Associates $11,251,800

9 Cuningham Group Architecture $10,019,865

10 HOK $10,011,000

SEE FULL LIST

TOP HOTEL ENGINEERING FIRMS

2012 Hospitality Revenue ($)

1 AECOM Technology Corp. $100,190,000

2 Parsons Brinckerhoff $28,900,000

3 Buro Happold Consulting Engineers $16,165,000

4 Rolf Jensen & Associates $7,600,000

5 Thornton Tomasetti $7,218,731

6 KPFF Consulting Engineers $6,000,000

7 Arup $5,527,371

8 Michael Baker Jr. $4,340,000

9 Wiss, Janney, Elstner Associates $2,880,000

10 WSP USA $2,696,642

SEE FULL LIST

TOP HOTEL CONSTRUCTION FIRMS

2012 Hospitality Revenue ($)

1 Manhattan Construction $290,769,000

2 Structure Tone $250,908,000

3 Lend Lease $234,975,000

4 Swinerton Builders $227,431,950

5 Mortenson Construction $209,550,000

6 Tutor Perini Corporation $209,216,126

7 Brasfield & Gorrie $163,774,558

8 Flintco $155,600,000

9 Messer Construction $147,695,128

10 Yates Cos., The $144,700,000

SEE FULL LIST

San Francisco, Los Angeles, Houston, Chicago, New York City, Hawaii, and Washington, D.C., are pinpointed as strong markets in the Americas (http://bit.ly/JLLHotels).

Adaptive reuse for hospitality is producing some particularly interesting remakes of historic properties. The strategy dovetails with travelers’ growing taste for local authenticity—a particular interest of Millennials, according to Tom Ito, Principal and leader for Gensler’s global hospitality practice. “For this generation, avoiding the norm is all about being true to yourself,” says Ito. “As this consumer group grows in spending power, hoteliers will need to provide personalized experiences that reflect the spirit of this demographic.”

Since early 2020, Americans have been forced to sequester themselves in their homes with outdoor activities, in most cases, being the sole respite for social distancing. And many of people are going back to the basics with a quintessential outdoor activity: biking. Bike sales absolutely skyrocketed during the pandemic, growing by 69% in 2020.

Senior Living Design | Aug 13, 2021

Designing with dignity for senior living, with Mike Rodebaugh, LEO A DALY

In this exclusive interview for HorizonTV, Mike Rodebaugh, AIA, Senior Living Sector Leader with LEO A DALY, describes how his firm applies "hospitality magic tricks" in its senior living communities, using design to lend dignity to residents, staff, and residents' families and social circles.

Architects | Aug 5, 2021

Lord Aeck Sargent's post-Katerra future, with LAS President Joe Greco

After three years under the ownership of Katerra, which closed its North American operations last May, the architecture firm Lord Aeck Sargent is re-establishing itself as an independent company, with an eye toward strengthening its eight practices and regional presence in the U.S.