Beau Benton, president of developer and third-party management company LBA Hospitality, talks about why 2017 is a good year to build.
ATLANTA—Barring any unforeseen tumult, financial or otherwise, the hotel development landscape is fairly bright, said LBA Hospitality President Beau Benton.
That outlook is pinned in part to hopes that, under the administration of President Donald Trump, regulations for business will ease.
“All of a sudden, you start getting more confidence in the industry, and that’s going to drive more transactions,” Benton told Hotel News Now in an interview during the Hunter Hotel Investment Conference.
LBA Hospitality, a developer and third-party manager of more than 60 properties in the Southeast United States, has two projects on the horizon that Benton is excited about. (Four others are expected to open this year.)
One is a Home2 Suites by Hilton set near the Orlando International Airport, in Orlando, Florida. Benton said Orlando is a market that doesn’t seem to be hampered by factors such as new supply.
“Year after year,” he said, Orlando “keeps setting records.”
The other project is a dual-brand build in Birmingham, Alabama. This is LBA’s second dual-brand property, and comes at a time when the big hotel brands are adopting a dual-brand strategy that “allows us to truly take advantage of some of the efficiencies of operations of a dual-brand property,” Benton said.
For more of Benton’s take on the state of hotel development and the industry in general, watch the video below.