HotelMarketData BuildCentral is currently keeping tabs on nearly $165 billion in planned and under-construction hotel projects across the United States. In looking at the states responsible for the most hotel projects and dollars in development, we ran into the usual suspects like California, Florida, and Texas, and that’s all well and good. One name that stood out, though, was North Carolina. As such, we’ve decided now’s the time to get you the latest on planned hotel construction in Charlotte, North Carolina.
Take a look at the below Geospex Heatmap, which displays North Carolina’s $5.5 billion-plus in planned and under-construction hotel projects. Charlotte’s hotspot catches the eye, along with those of Raleigh and Asheville.
Charlotte alone accounts for more than a quarter of North Carolina’s planned hotel construction by both projects and dollars.
To be clear, for planned hotel construction in Charlotte to be so active is hardly surprising. Mecklenburg County, which houses Charlotte, has seen its population increase by over 21 percent in the last decade amid Charlotte’s emergence as an attractive destination for those leaving more crowded east-coast urban hubs. In fact, 104 people move to Charlotte per day at the current rate.
What’s more is that Charlotte Douglas International Airport is the country’s 11th-busiest, supporting numerous transatlantic flights on a daily basis in addition to a full slate of domestic travel.
Planned Hotel Construction in Charlotte, North Carolina: Market Leaders
Notable Planned & Current Hotel Construction Projects in Charlotte, North Carolina
The below sample HotelMarketData project reports have all been updated within the last 90 days. We’ve given you a range of project values, construction types, hotel scale and chain to give you the best idea of the information that we have to offer. Not included in these samples are project contacts for owners, developers, architects, contractors, and franchises—that’s to be had through a free trial.
| Construction Type: |
New |
Chain: |
Home2 Suites |
| Estimated Value: |
$5-$25 million |
Franchise: |
Hilton Hotels Corporation |
| Rooms: |
100 |
Scale: |
Economy |
| Location: |
Concord, NC 28027. 7300 Bruton Smith Boulevard |
| Details: |
Plans call for the construction of a new 100-room Home2 Suites by Hilton. |
| Construction Type: |
New |
Chain: |
Comfort Suites |
| Estimated Value: |
$5-$25 million |
Franchise: |
Choice Hotels International |
| Rooms: |
94 |
Scale: |
Economy |
| Location: |
Charlotte, NC 28273. 830 Forest Point Cir |
| Ancillary Facilities: |
Food Service |
| Details: |
Plans call for the construction of a four-story, 54,852-square-foot hotel with 94 rooms and an attached restaurant. |
| Stage: |
Groundbreaking |
| Construction Start: |
Q1/2022 |
| Construction End: |
Q1/2023 |
Varnadore Building Redevelopment Phase I
| Construction Type: |
Repurpose/Conversion |
|
|
| Estimated Value: |
$1-$5 million |
|
|
| Rooms: |
< 50 |
|
|
| Location: |
Charlotte, NC 28205. 4037 East Independence Boulevard |
| Ancillary Facilities: |
Food Service |
| Details: |
Plans call for renovations to the seven-story, 85,000-square-foot Varnadore Building as Phase I of the Varnadore redevelopment. The first phase will include the conversion of 30,000 square feet of space for office uses. |
| Stage: |
Construction |
| Construction Start: |
6/2021 |
| Construction End: |
Q2/2022 |
Centre South Phase I Hotel
| Construction Type: |
New |
|
|
| Estimated Value: |
$25-$100 million |
|
|
| Rooms: |
180 |
|
|
| Location: |
Charlotte, NC 28201. The area between South Blvd and Euclid Ave, South of Caldwell St and Templeton Ave |
| Details: |
Plans call for the construction of a 180-room hotel as a part of the first phase of the Centre South redevelopment of the Strawn Cottages site. |
| Stage: |
Starts in 1-3 months |
| Construction Start: |
Q2/2022 |
| Construction End: |
Q2/2024 |
| Construction Type: |
New |
Chain: |
Atwell Suites |
| Estimated Value: |
$5-$25 million |
Franchise: |
IHG – Intercontinental Hotel Group |
| Rooms: |
120 |
Scale: |
Upscale |
| Location: |
Charlotte, NC 28208. 110 Airport Commons Dr |
| Details: |
Plans call for the construction of a new 120-room Atwell Suites hotel. |
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