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Caribbean Hotel Pipeline Report: Bahamas, Dominican Republic Take Lead

By: Caribbean Journal Staff - November 13, 2012 - 2:08 pm

Above: construction at the Baha Mar resort project in Nassau

By the Caribbean Journal staff

The Caribbean/Mexico hotel development pipeline totaled 124 hotels and 19,318 rooms in October, according to the STR Construction Pipeline Report released this week.

The active pipeline includes projects in the in-construction, final planning stages, but does not include projects in the pre-planning stage.

While Mexico leads the greater region with 2,627 rooms currently in construction, three other countries in the Caribbean have more than 500 rooms in the in-construction phase, according to STR.

The Bahamas currently has 2,250 rooms, a significant portion of which are due to the Baha Mar resort project (the largest-ever hotel project in the Caribbean). That project will also include a Jack Nicklaus Signature Golf Course, which will open late next year.

The Dominican Republic has 1,613 rooms in the in-construction phase, while Puerto Rico has 651 rooms in the in-construction phase.

Puerto Rico’s total is getting a bump from Hyatt, which is currently developing three hotels on the island.

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