LE: DALLAS LEADS U.S. CONSTRUCTION PIPELINE WITH 185 PROJECTS IN FIRST QUARTER

DALLAS LEADS THE top five U.S. markets in the largest construction pipeline as of the first quarter of 2024, according to Lodging Econometrics. The Dallas
market has 185 projects with 21,882 rooms, slightly below the record highs at the close of the fourth quarter of 2023.

Next came Atlanta, with 153 projects comprising 17,929 rooms, then Nashville with 127 projects and 16,199 rooms, as LE’s U.S. Construction Pipeline Trend Report
showed. Phoenix followed with 123 projects and 16,198 rooms, and the Inland Empire in Southern California set a new record high with 121 projects and 12,324 rooms.

U.S. markets with the most projects already under construction by the end of the first quarter include New York with 47 projects and 7,655 rooms, Dallas with
25 projects and 3,059 rooms, and Nashville with 22 projects and 2,828 rooms. Atlanta had 21 projects and 2,588 rooms, and the Inland Empire currently has 20
projects and 2,181 rooms under construction.