North Carolina Hotel Development, Construction & Transactions

North Carolina's hotel development pipeline is concentrated heavily in the upscale and upper midscale segments, reflecting steady demand for select-service and extended-stay products across the state's major metro areas and resort markets. Lodging Development currently tracks 82 projects totaling 10,787 rooms in various stages of planning and construction. Transaction activity has also been notable, with 40 sales of $10 million or more recorded over the most recent 18-month tracking window. Meanwhile, 34 properties totaling 4,307 rooms have opened across the state in the past 24 months, sustaining a healthy pace of new supply.

Upscale projects account for the largest share of North Carolina's tracked pipeline, with 32 projects representing 4,187 rooms. Upper midscale development follows closely at 23 projects and 2,746 rooms, while 11 upper upscale projects contribute 2,386 rooms. Among the projects currently tracked by Lodging Development, the 600-room Omni Hotel Raleigh Convention Center stands out as the state's largest active development. Being built by Omni Hotels & Resorts, the property is currently in construction as of early 2026. Also under construction is the 249-room Courtyard and Residence Inn Cary at the Arboretum, developed by Daly Seven, and the 138-room TownePlace Suites Raleigh Downtown from Summit Hospitality Group. In the planning stage, the 264-room City Gateway Hotel & Parking Facility is being advanced by Capital City Urban Development. An additional 12 projects totaling 1,066 rooms are classified at an undetermined scale tier.

North Carolina has welcomed 34 hotel openings totaling 4,307 rooms over the past 24 months. Among the most recent is The Balladeer Hotel, a 70-room Tribute Portfolio property that opened in early May 2026, adding an upper upscale option to the state. The 124-room StudioRes Leland also opened in May, while the 118-room Courtyard Sugar Mountain Banner Elk debuted in late April, expanding upscale supply in the mountain resort area. Earlier in 2026, notable openings included the 105-room Compass by Margaritaville Beaufort and the 184-room dual-branded Home2 Suites and Tru by Hilton in Concord near Charlotte, which opened in late 2025.

Over the past 18 months, Lodging Development recorded 40 hotel transactions of $10 million and above across North Carolina. Among transactions with disclosed pricing, 18 sales accounted for approximately $354.2 million in total volume. An additional 18 transactions lacked disclosed prices but carried recorded loan data, from which Lodging Development derives estimated values. In recent transaction activity, Milan Hotel Group acquired both the 78-room Courtyard Asheville and the 88-room SpringHill Suites Asheville in November 2025, purchasing the two properties for approximately $5.9 million and $6.9 million respectively. Also notable was the sale of the 152-room Sonesta Select Raleigh Durham Airport Morrisville, which traded for $7.5 million in September 2025. Four additional transactions during the period lacked sufficient data to calculate a price estimate.