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Category Archives: Hospitality

Hotel News Briefs

ALOFT HOTEL TO OPEN IN HISTORIC HOUSE AT IMPERIAL MARKET SUGAR LAND, Texas — A 120-room Aloft hotel will be part of the new Imperial Market, a redevelopment of historic structures in the former Imperial Sugar Refinery near Houston, the Houston Chronicle reports. The historic, eight-story Imperial Sugar Char House was built in 1925. Imperial Market will be an upscale ... Read More »

Historic Stowers Furniture Building in Downtown Houston Being Redeveloped into Aloft Hotel

HOUSTON – The historic Stowers Furniture building in downtown Houston is being redeveloped into a 173-room Aloft hotel. Built in 1913, the 10-story Stowers building is located at 820 Fannin at Walker Street adjacent to the BG Group Place tower. Construction is underway and the Aloft hotel, part of the Starwood Hotels chain, will open next summer, said Houston developer ... Read More »

Starwood Opening Nine Aloft Branded Hotels in Texas

STAMFORD, Conn.– Starwood Hotels announced plans to open nine  Aloft brand hotels in Texas over the next three years. Starwood will add three more hotels in the Houston area, two in Austin, three in Dallas-Fort Worth, and open its first in College Station. In downtown Houston, a 165-room Aloft will open in the redeveloped  Stowers Furniture building, a historic building ... Read More »

Silverwest Buys San Antonio Hotels

SAN ANTONIO – Silverwest Hotels, LLC purchased a select-service hotel portfolio of three hotels totaling 313 rooms in San Antonio. Silverwest Hotels, LLC is a joint venture by Mariner Real Estate Management based in Kansas City; Silverwest Hotel Partners, LLC and an affiliate of Global Endowment Management based in Charlotte, N.C.  The Silverwest joint venture was founded in 2014 by ... Read More »

Atlanta Group Buys Hotel in NW Houston

HOUSTON -Noble Investment Group of Atlanta has acquired the SpringHill Suites Houston Northwest, a new hotel near the site of the former Compaq Campus. Located within the Chasewood Technology Park, just steps from the Hewlett Packard Campuses and Lone Star College – University Park, the newly built property is the second Houston-area hotel in Noble’s portfolio. “Northwest Houston continues to ... Read More »

Houston Firm Buying 149 Hotels from Goldman Sachs Unit for $1.7 Billion

HOUSTON – Moody National REIT I, a Houston-based hotel group, has agreed to buy 149 hotels from a real estate arm of Goldman Sachs for $1.7 billion. The deal represents a huge growth initiative for the Houston REIT, which had a portfolio of only seven hotels at the beginning of 2015. The hotel portfolio includes 14,000 rooms spread across 32 ... Read More »

Extended-Stay Play: Starwood Buys 50 InTown Suite Hotels

GREENWICH, Conn. — Starwood Capital Group has acquired a portfolio of  50 economy extended-stay hotels from Mount Kellett Capital Management LP and its partners, further building upon its InTown Suites brand. This sale includes 6,106 hotel rooms primarily in the Southeast, including desirable markets in Texas, North Carolina, Florida,  Georgia and Alabama. With this acquisition, InTown Suites will become the largest ... Read More »

Tilman Fertitta Announces 35-Story Hotel/Office Tower Near Houston’s Galleria

HOUSTON – Tilman Fertitta, chairman of the Landry’s restaurant and entertainment organization, has announced plans for a 35-story mixed-use tower on Loop 610 about a mile north of the Galleria. The 650,000-square-foot project will have 240 high-end hotel rooms, 120,000 square feet of office space and 22 apartment units, Fertitta said. Plans for the 10-acre site, 1600 West Loop, on ... Read More »

New Kind of Starbucks to be Unveiled in Hilton Americas – Serving Beer/Wine

HOUSTON – The 1,200-room Hilton Americas-Houston is opening a gigantic Starbucks that will one of the first Starbucks to offer the new “Starbucks Evening” service with alcoholic beverages. After 4 p.m., wine, beer, appetizer-type food and desserts will be sold at the downtown hotel coffee shop, which is adjacent to the George R. Brown Convention Center. The 4,000-square-foot Starbucks will ... Read More »

Hines, Novak Break Ground on Sheraton Hotel Near Austin

GEORGETOWN, Texas – Hines, the Houston-based real estate firm, along with joint venture partner Novak Brothers, recently held a groundbreaking ceremony celebrating the start of construction of a Sheraton hotel that will be part of a mixed-used project in in Georgetown, which is 25 miles north of downtown Austin. The developers are building a 222-room Sheraton Georgetown Texas Hotel and ... Read More »

50 Proposed Multifamily Projects Killed or Postponed in Houston in Wake of Oil Crash

HOUSTON – Developers have shelved plans to build some 50 multifamily projects in Houston, where a sharp drop in oil prices has dampened the local economy, according to Patrick Duffy, president of Colliers International in Houston. “We’ve heard 50 multifamily projects have been cancelled or postponed,” Duffy said in remarks to the CoreNet and IFMA luncheon in Houston. Houston has ... Read More »

DoubleTree Hotel Opens on Galveston Island

GALVESTON —  DoubleTree by Hilton has opened the  DoubleTree by Hilton Galveston Beach, a contemporary five-story, 97-room hotel on Seawall Boulevard, facing the Gulf of Mexico. Formerly the Galveston Beach Hotel, the property has concluded a multi-million dollar renovation that includes a total redesign of the lobby, food and beverage outlets, public spaces, meeting and event areas and guest rooms, as well as new ... Read More »

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