Rendering of AC by Marriott hotel OTO Development’s AC by Marriott Spartanburg will be the brand’s first South Carolina location when it opens later this year. (Photo: OTO Development)

PORTSMOUTH, NH—The fourth quarter of 2016 represented the 19th consecutive three-month period of growth in the hotel construction pipeline, Lodging Econometrics said Thursday.  On a year-over-year basis, the Q4 pipeline of 4,960 projects and 598,688 keys represented a 12% increase in the number of projects, while the number of rooms was up 10%. It’s a far cry from the cyclical bottom of 2,720 projects and 331,129 keys reported in Q1 2012.