Dallas Has the Largest Hotel Construction Pipeline in the U.S
Photo Credit: A guest room at the Graduate by Hilton Dallas Hotel. Hilton
Skift Take
At the close of the quarter, the markets with the largest U.S. hotel construction pipelines are led by Dallas, followed by Atlanta and Nashville.
Evercore ISI Group upped its price target on Host Hotels to $20 from $19, on Sunstone Hotels to $11 from $10, and on Pebblebrook Hotel Trust, to $12 from $11. They maintained their Outperform ratings on HST and SHO and their In-Line rating on PEB.
Baird upped their price target on Hyatt to $150 from $148. They maintained their Neutral rating.
According to the recent second quarter 2025 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics, at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with 199 projects/24,497 rooms, followed by Atlanta with 165 projects/19,027 rooms, Nashville with 128 projects/17,025 rooms, Austin with 125 projects/14,598 rooms and Phoenix with 123 projects/16,228 rooms. At the end of the second quarter, the five U.S. markets with the greatest number of projects currently under construction in the total pipeline are led by