LE: CHARLOTTE 15TH AMONG TOP 25 U.S. MARKETS WITH 67 PROJECTS

WITH 67 PROJECTS and 7,772 rooms in its construction pipeline, Charlotte, North Carolina, ranks 15th among the top 25 U.S. markets by project count, according
to Lodging Econometrics. LE predicts continued growth in the city’s future.

Hotels under construction in the city total 11 projects and 1,435 rooms at the end of the first quarter, with 31 projects and 3,466 rooms set to begin construction
in the next 12 months, and 25 projects totaling 2,871 rooms in early planning.

LE’s first quarter hotel development data for Charlotte, released ahead of the Hospitality Industry Technology Exposition and Conference, showed that more than
65 percent of the projects are upscale and upper-midscale brands, totaling 44 projects and 5,007 rooms combined.