Changing affiliations often requires a Property Improvement Plan, so we track those subsequent projects, as well as anything that an existing hotel is doing.
In short, yes. We track existing hotels as well, and BuildCentral provides alert notifications when a hotel is changing flags, which often necessitates a Property Improvement Plan, hence the ensuing remodels.
HotelMarketData doesn't exclusively cover planned and completed projects that are new; it also tracks projects undertaken by operating hotels, like additions, expansions, and renovations. Plus we track backfills, conversions, and rezoning.