Hospitality development continues to thrive across cities and markets. Looking back at the development stories we covered this year, we’ve rounded up the articles that drew the most attention. Readers were intrigued by Vegas’ relentless growth, the soaring demand for branded residences, and the expansion of hotel offerings in a charming Texas winery town.
Las Vegas
With its towering resorts and glittering lights, Las Vegas is ever-changing. This year alone, it has welcomed an array of sports entertainment, including Super Bowl LVIII at Allegiant Stadium and the inaugural sporting event (a UFC match) at MSG Sphere. Other venues are keeping pace, with a slew of additions and renovations across the board including the $3.7 billion refresh of Fontainebleau Las Vegas, new nightlife launches like Bruno Mars’ Pinky Ring at the Bellagio Hotel & Casino, and the completely redeveloped Rio Hotel & Casino. Read the full article.
The branded residences boom
The allure of today’s branded residences is the convenience and luxury of having 5-star hotel service right at home, so it’s no surprise that demand is skyrocketing. Over the past decade, branded residential projects have risen by more than 160 percent, according to a 2023 report by Savills, a global provider of real estate services. And it’s not just major hotel players entering the market—wellness brands, fashion houses, and even car companies want a piece of the pie. Read the full article.
Fredericksburg, Texas
The hospitality landscape in Fredericksburg, Texas is transforming, with new luxe offerings joining the winery town’s modest motels and homey B&Bs. New ventures like Dallas-based Mod Motels, for instance, are focused on converting cherished roadside motels into modern destinations. Meanwhile, upscale inn the Menagerie opened with 14 guest accommodations sprinkled between a Queen Anne mansion and a row of 1930s bungalows across the street. Nontraditional offerings are also making their debut, including yurts and treehouses. Read the full article.
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