LONDON and HENDERSONVILLE—The Central/South American hotel development pipeline includes 147 projects with 21,539 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
“Brazil is certainly one of the hot markets that everyone is talking about right now,” said Duane Vinson, vice president of content management at STR. “We’re seeing a lot of development in mid to smaller markets with the emergence of the country’s middle class.”
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