TMC Hospitality

North America

U.S. Hotel Construction Projects Up

Pebblebrook Hotel Trust beat expectations in Q2, aided by higher business interruption insurance proceeds and share repurchases. U.S. hotel construction pipeline sees steady growth with significant upscale and upper midscale projects. Several new hotel developments and acquisitions are planned, including a boutique Kimpton Virgilio in Mexico City and the first Hyatt Centric in Winnipeg .