Dallas, Houston among nation's hottest hotel marketsDallas, Houston among nation's hottest hotel marketshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206042018-07-12T05:00:00Z2018-07-12T16:00:00Z

​​​​​NEW YORK – Dallas and Houston rank third and sixth on STR Inc.'s list of the eight busiest cities for hotel development.​

The study cites​ Dallas' diverse economy, which has added 500,000 new jobs in the last five years. According to CoStar, 5,300 new hotel rooms are under construction in North Texas. 

Developers have 43 new hotel projects underway in Houston, higher than any other market besides New York City. The projects are relatively small, says STR. The metro may suffer from weak hotel demand as the energy sector recovers. 

The rest of the rankings are:

  • No. 1 New York City;

  • No. 2 Las Vegas;

  • No. 4 Denver;

  • No. 5 Nashville; 

  • No. 7 Miami; and 

  • No. 8 Washington, D.C. 

National Real Estate Investor Online
http://www.nreionline.com/hotel/eight-busiest-cities-hotel-developmentRead more at {Source}

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