Opal Hospitality expands to U.S., acquires Four Points by Sheraton Charlotte‑Lake Norman, N.C.
Opal Hospitality has expanded into the U.S. market with acquisition of Four Points by Sheraton Charlotte-Lake Norman, Huntersville, N.C.
Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar.
JUNE 2024 (% CHANGE IN COMPARISON WITH JUNE 2023):
Europe
Among countries in the region, Germany (27,302) led in construction activity, closely followed by the U.K. (25,312).
Asia Pacific
China leads the Asia Pacific region in total rooms in construction (319,012), followed by Vietnam (36,521).
Middle East & Africa
Most of the region’s pipeline activity is focused in the Middle East. Saudi Arabia (42,786) and the United Arab Emirates (18,933) have the most rooms in construction.
Americas
The U.S. (157,713) has the most rooms in construction in the region. After the U.S., Mexico (13,301), Canada (8,686) and Brazil (5,948) have the highest number of rooms in construction.
Opal Hospitality has expanded into the U.S. market with acquisition of Four Points by Sheraton Charlotte-Lake Norman, Huntersville, N.C.
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