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Upscale Limited-Service Hotels Are All the Rage among Developers

May 10, 2017

Of the entire spectrum of different types of hospitality properties being developed, upscale limited- service hotels are receiving the most enthusiasm. There are 191,000 new hotel rooms under construction across the nation, most of which are in the middle to upscale segment. In the first quarter of the new year, upscale rooms being developed grew by 6.1%, while hotel inventory by only 2.9%. By compensating for the lack of abundant food and beverages services, which helps lower development costs, with prime property location in urban areas where guests will be in close proximity to a diverse range of restaurants, developers are able to make limited- service, upscale hotels work.

Upscale Limited-Service Hotels Are All the Rage among Developers