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 $69,090,0002 WATG / Wimberly Interiors $54,713,0003 HKS $32,000,0004 Leo A Daly $19,999,6215 RTKL Associates $19,730,0006 Hnedak Bobo Group $17,425,0007 Perkins Eastman $11,600,0008 Kohn Pedersen Fox Associates $11,251,8009 Cuningham Group Architecture $10,019,86510 HOK $10,011,000
TOP HOTEL ENGINEERING FIRMS
2012 Hospitality Revenue ($)1 AECOM Technology Corp. $100,190,0002 Parsons Brinckerhoff $28,900,0003 Buro Happold Consulting Engineers $16,165,0004 Rolf Jensen & Associates $7,600,0005 Thornton Tomasetti $7,218,7316 KPFF Consulting Engineers $6,000,0007 Arup $5,527,3718 Michael Baker Jr. $4,340,0009 Wiss, Janney, Elstner Associates $2,880,00010 WSP USA $2,696,642
TOP HOTEL CONSTRUCTION FIRMS
2012 Hospitality Revenue ($)1 Manhattan Construction $290,769,0002 Structure Tone $250,908,0003 Lend Lease $234,975,0004 Swinerton Builders $227,431,9505 Mortenson Construction $209,550,0006 Tutor Perini Corporation $209,216,1267 Brasfield & Gorrie $163,774,5588 Flintco $155,600,0009 Messer Construction $147,695,12810 Yates Cos., The $144,700,000
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.”
Related Stories
Cultural Facilities | Apr 7, 2015
Mies’ Martin Luther King Jr. Library to get makeover
The architects say the modernization aims to improve “Mies in a contemporary Miesian way.”
Cultural Facilities | Apr 6, 2015
Berkeley’s West Branch Library generates more energy than it uses
The 9,400-sf facility is California's first Net Zero Energy-certified building.
Codes and Standards | Apr 6, 2015
Industry groups petition for change order reform on federal projects
Nine design and construction associations ask for assurance that funds available for additional work.
High-rise Construction | Apr 6, 2015
Melbourne tower will light up depending on weather
The tower will be illuminated by 164-foot-tall beams of LED light based on weather updates from the Bureau of Meteorology.
BIM and Information Technology | Apr 3, 2015
French startup develops drone camera that overlays video with 3D images
The new drones can capture video and overlay the shot results with 3D images and augmented reality remotely.
Libraries | Apr 2, 2015
6 award-winning libraries showcase next-gen design strategies
The new Cedar Rapids Public Library and the restored Slover Library in Norfolk, Va., are among six breakthrough projects honored with 2015 AIA/ALA Library Building Awards.
Contractors | Apr 1, 2015
ABC: Nonresidential construction spending flat in February
The Associated Builders and Contractors forecasts a robust nonresidential construction spending recovery in 2015, despite an underwhelming start.
Office Buildings | Apr 1, 2015
IBM's supercomputer Watson finds new home in Manhattan's Silicon Alley
The new headquarters for the former Jeopardy champ was conceived as a showcase for Watson’s capabilities, and as an inspirational workspace for Millennials and idea generators of all ages.
Sponsored | Fire and Life Safety | Apr 1, 2015
Radiant Heat: The Invisible Killer
Where there’s smoke, there’s fire. Where there’s fire, there’s the deadly threat of radiant heat.
Modular Building | Mar 31, 2015
Phoenix apartment complex will be made from recycled shipping containers
The eight-unit complex, called Containers on Grand, was inspired by the need for affordable and sustainable housing near the city's core.