There will soon be 390 new hotels in Central and South America.

A total of 390 hotels with 63,780 rooms were planned for Central and South America, according to STR’s March 2014 STR Global Construction Pipeline Report.

Brazil had the most rooms under construction among the nations in the area at the end of the month with 12,937 rooms. Five additional nations—Colombia (2,805 rooms), Panama (1,919 rooms), Argentina (1,719 rooms), Chile (985 rooms), and Costa Rica—reported having more than 800 rooms under construction.

Projects in the In Construction, Final Planning, and Planning stages are included in the total under-contract data, but projects in the unconfirmed stage are not.