Overcash Demmitt Architects Predicts Continued Growth in this Area
In Coworking Hotels, hotel facilities are integrated with coworking spaces, whereby hotel guests and local residents can gather to meet and/or work. In this way, Coworking Hotels offer a hybrid of working, sleeping and living, anticipating the needs of millennials and the growing group of digital nomads.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
The leading brands by project count in the construction pipeline for each of these three companies are IHG's Holiday Inn Express with 422 projects/39,667 rooms, Hilton's Home2 Suites by Hilton with 401 projects/41,958 rooms, and Marriott's Fairfield Inn with 284 projects/27,678 rooms.