
Mulling ModCon
Read more: https://www.hotelinvestmenttoday.com/Development/Owners/Mulling-ModCon?utm_source=%20ntgenewsletter&utm_medium=email&utm_campaign=hitenldaily&oly_enc_id=8130G3606990B8C
In what one industry executive terms a “compelling solution,” modular construction may be ready to step back into the limelight.
Parsing the state of modular construction is a bit like sussing a Picasso; best to start with the frame to get your bearings, then focus.
The “frame,” in this case, is hotel construction in general in the United States. March data released Thursday from CoStar/STR showed a downward shift (-7.5%) year-over-year for the third consecutive month in the number of hotel rooms under construction (144,760 rooms across 1,216 projects). That slide is cushioned, however, by a 10.9% increase in planning (representing 359,878 rooms) and a 3.7% boost (273,068 rooms) in final planning.
Read more: https://www.hotelinvestmenttoday.com/Development/Owners/Mulling-ModCon?utm_source=%20ntgenewsletter&utm_medium=email&utm_campaign=hitenldaily&oly_enc_id=8130G3606990B8C