Over the last decade, New England Hotel Realty (NEHR), one of the leading hotel brokerage and real estate advisory firms in the northeast, has seen the hotel construction pipeline in New England grow exponentially. At the end of 2009, there were 96 projects/11,372 rooms in the New England hotel construction pipeline. At the end of 2018, the pipeline reached a 10-year all-time high of 159 projects/20,411 rooms, a 65% increase over the 2009 total. As a matter of fact, for the last six years New England has had more than 100 projects consistently in its pipeline, adding a total of 209 hotels/21,716 rooms into the supply in New England within the last 10 years.
Read the full New England Real Estate Journal article.