Large Hostel Near Boston Common to Open This Month

If you think Boston needs more tourists spending money at local businesses, we have good news for you.

The Boston Herald reports that Hosteling International Boston will open a 480-bed installation on Stuart Street near the Theatre District later this month. In August, the 12-room Chandelier Studios is slated to open in the South End, and several more projects are expected to start booking customers in the next two years.

The burst of activity follows a stagnant period in Boston’s hotel market. Currently, the newest hotels in Boston opened in 2009, but those projects—W Boston and Ames—could get bumped out of the top five by the end of 2014.

Jan Freitag with hotel industry research firm STR told the Herald that financing has been and continues to be a challenge for new hotels in the Hub, but financiers may be interested in investing in existing projects.

Upcoming projects (as listed by the Boston Herald, and added to by Patch):

• Hosteling International, 480 beds, Stuart Street, due to open in June.
• Courtyard Marriott, 210 rooms, near TD Garden, 2014.
• Chandler Studios, 12-rooms, South End, August.
• Marriott Residence Inn, 120-rooms, Seaport District, May 2013.
• Boylston Properties, 175-rooms, near Fenway, 2013.
• Seaport Square, 135 rooms, 2014.
• EnVision Hotel Boston, 41 rooms, 81 S. Huntington St., opens June 25.