Dallas-Fort Worth Leads Nation in Hotel Development

Hotel developers are capitalizing on Dallas-Fort Worth’s explosive growth.

North Texas had 189 hotel projects in the development pipeline through the third quarter, amounting to nearly 22,000 keys, the Dallas Morning News reported, citing data from research firm Lodging Econometrics.

The Metroplex has led the nation in hotel construction for more than a year. There were 176 hotel projects in the works at the end of last year, and 165 were on the way after the first quarter of 2022.

“Dallas also leads the top five markets with the greatest number of projects in the early planning stage at the end of the third quarter,” the report says.

Atlanta and Nashville trailed Dallas with 140 and 122 projects in the pipeline, respectively. New York and Atlanta have seen the largest influx of deliveries in 2023.

About 80 hotels, comprising 9,021 rooms, are scheduled to start construction within the next year in the Dallas area.

Nationwide, 345 hotels totalling more than 41,000 rooms have opened across the United States through the first three quarters of 2023. In addition, more than 1,900 hotels in the U.S. are undergoing renovations or conversions, the outlet reported. Lodging Econometrics also forecasts that 527 hotels with over 65,900 rooms will open across the nation in 2023, with expectations of continued growth into 2024 and 2025.

The Dallas-Fort Worth region has had several hotel openings in 2023, including the J.W. Marriott in downtown Dallas and the $520 million Omni PGA Resort in Frisco.

Among DFW hotels in the works, several are large-scale, luxury projects that are poised to have a major economic impact. Also in Frisco, Hall Group is building a $500 million, 224-room hotel that will be under the banner of Marriott’s exclusive Autograph Collection. This hotel is part of the $7 billion mixed-use development known as Hall Park.

Carpenter & Company is at the helm of the highly-anticipated Four Seasons Hotel and condo tower in Dallas’ Turtle Creek neighborhood. Spanning 1.1 million square feet, the $750 million project is slated for 233 hotel rooms, 118 residential units and a 15,000-square-foot private club.

—Quinn Donoghue