Hotel Openings & Statistics

Pinnacle Advisory Group 2017 Year End Perspective

Source: Pinnacle Advisory Group

Pinnacle 2018 Stats

2017-2019 Month by Month Occupancy & RevPar Comparison

Occupancy By Month   Jan  Feb  Mar Apr  May  Jun   Jul Aug   Sep  Oct Nov  Dec 
2017 Month End 61.7% 67% 80.3% 88.3% 89% 91.8% 90.4% 89.7% 88.8% 91.4% 81.2% 63.7%
2018 Month End 63.9% 68.7% 82.5% 86.8% 88% 91.4% 90.7% 91.9% 91.6% 91.9% 80.4% 64.2%
2019 Month End 62.8% 73%                    
Average Daily Rate by Month  Jan Feb Mar Apr  May Jun Jul  Aug  Sep  Oct  Nov  Dec 
2017 Month End $172.47 $173.80 $226.10 $266.54 $300.86 $287.53 $274.74 $265.36 $288.74 $316.60 $243.00 $175.79

2018 Month End

$170.59 $170.61 $228.66 $282.36 $263.69 $300.77 $275.49 $275.75 $303.23 $336.22 $255.36 $177.48

2019
Month
End

$168.94 $175.19                    
Source: Pinnacle Advisory Group

2017-19 Hotel Openings & Projections

Hotels opened in 2017:

  • Hilton Homewood Inn & Suites, Boston Logan Airport, 152 rooms, opened March 15
  • Envision Boston Hotel, Everett, 101 rooms, opened April 5 
  • Freepoint Hotel, Cambridge, 121 rooms, opened on April 12, 2017.
  • YOTEL, Seaport District, 326 rooms, opened June 22

Hotels opening in 2018 

  • The Alise Boston, formerly Chandler Inn, South End, 56 rooms, opened February of 2018
  • AC by Marriott, Ink Block Project, South End, 205 rooms, opened March of 2018
  • The Groton Inn, 60 rooms, opened May of 2018
  • Courtyard Marriott Boston TD Garden/North Station, 220 rooms, opened May 2018
  • AC by Marriott, Cleveland Circle, Brookline, 162 rooms, opened May 2018
  • Studio Allston Hotel, 117 rooms, opened June 2018
  • The Row, Marriott Autograph Collection, Assembly Row, Somerville, 158 rooms, opened August 2018
  • Holiday Inn Boston Logan Airport - Chelsea, 124 rooms, opened August 2018
  • Revolution Hotel, South End, 164 rooms, opened December 2018

Hotel openings and projected openings in 2019 & beyond

  • Residence Inn by Marriott, Roxbury, 108 rooms, opened January 2019
  • Hyatt Centric, Downtown Boston, 163 rooms, opened February 2019
  • Hotel 1868, Porter Square, Cambridge, 50 rooms, projected opening Q1 2019
  • The Whitney, Beacon Hill, 87 rooms, projected opening Q1 2019
  • Four Seasons, Christian Science Plaza, 211 rooms, projected opening Q2 2019
  • Cambria Hotel, South Boston, 156 rooms, projected opening Q2 2019
  • Marriott Moxy Hotel, Theatre District, 346 rooms, projected opening Q2 2019
  • Encore Boston Harbor, Everett, 671 rooms, projected opening Q2 2019
  • citizenM Hotels, Hub on Causeway, TD Garden, 260 rooms, projected opening Q4 2019
  • Hampton Inn, Boston Marine Industrial Park Hotel, 253 rooms, projected opening Q2 2020
  • Homewood Suites, Boston Marine Industrial Park Hotel, 158 rooms, projected opening Q2 2020
  • Boutique hotel at Boston Landing, Brighton, 175 rooms, projected opening 2020
  • Hyatt Place, South Boston, 294 rooms, projected opening 2020
  • Raffles Boston Back Bay Hotel & Residences, 147 rooms, projected opening 2021
  • Omni Boston Hotel at the Seaport, South Boston, 1,055 rooms, projected opening 2021
  • Haymarket Square Hotel, 225 rooms, TBD
  • 150 Kneeland Street, Boston, 230 rooms, TBD
  • Chain Forge Hotel, Charlestown, 230 rooms, TBD