Houston's New 17-Story Hotel Opens Ahead of the World Cup
Skift Take
Houston has gotten a 17-story hotel under the Holiday Inn Express/Staybridge Suites brands. Plus, more hotel deal and development news.
The DJIA fell 63 points, but the Nasdaq was up 51, the S&P 500 was up 9 points, and the 10-year treasury yield was up .06 to 4.34%. Lodging stocks were modestly higher, with a new high from APLE and a 5% rise from INN. BofA Securities upped target prices pretty much across the board on their lodging coverage. While BofA said both HLT and MAR both tracked above consensus RevPAR forecasts for 1Q, both stocks fell on the day across a modestly positive day for the group.
At the end of the first quarter, there are 6,020 projects with 705,825 rooms in the pipeline, according to the first quarter of 2026 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics. Of those, 1,071 projects comprising 132,016 rooms are under construction. Another 2,164 projects with 249,465 rooms are scheduled to start construction within the next 12 months, while projects in the early planning stage stand at 2,785 projects and 324,344 rooms. Meanwhil
