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Category Archives: Hospitality

Groundbreaking in Nov. for 1,000-Room Convention Hotel in Austin

AUSTIN – A groundbreaking will be held next week for The Fairmont Austin, a 1,066-room hotel adjacent to the Austin Convention Center. The hotel’s developer, Manchester Texas Financial Group, secured financing from Colony Capital, LLC for its $370 million luxury hotel, which is slated to open June 3, 2017. “It’s time for construction of the Fairmont Austin to fire on ... Read More »

325-Room Hyatt Galleria to Open in Fall 2015

CHICAGO — Hyatt Hotels Corp. has entered into a franchise agreement with Songy HighRoads, a commercial real estate development firm based in Atlanta, to develop Hyatt Regency Houston Galleria in Texas. The Houston hotel will be managed by Aimbridge Hospitality and is scheduled to open in fall 2015. Hyatt Regency Houston Galleria is being built near the Houston Galleria shopping mall ... Read More »

Hotel Under Construction in Hughes Landing in The Woodlands

THE WOODLANDS, Texas – The Woodlands Development Co. has begun construction on a 205-key Embassy Suites Hotel at Hughes Landing, a 66-acre mixed-use development in The Woodlands north of Houston Hughes Landing is a waterfront development with retailers, dining, entertainment, multifamily residences and several new Class A office space. The first multifamily development in Hughes Landing, One Lake’s Edge, will feature 390 luxury ... Read More »

Hampton Inn in Downtown Austin (Tallest Hampton in the World) Sells for $53 million

AUSTIN – Summit Hotel Properties paid $53 million to purchase the 16-story Hampton Inn & Suites in downtown Austin. The 209-room Hampton was developed in 2002 by Doyle A. Graham Jr., President and CEO of the Houston-based Valencia Group hotel organization. The Austin Hampton, 200 San Jacinto Blvd,, is believed to be the tallest Hampton Inn in the chain, which is part ... Read More »

Landry’s Planning 30-story Hotel Near Houston’s Galleria

HOUSTON – The Landry’s organization, which owns four Golden Nugget casino hotels and 500 restaurants, is planning a 30-story hotel and conference center adjacent to its corporate headquarters on Loop 610 in Houston. The 9-acre site already includes Landry’s headquarters building and a Rolls Royce and Bentley auto dealership controlled by Landry’s chairman and CEO Tilman J. Fertitta. The Landry’s ... Read More »

Atlanta Group Buys Hotel Near Houston

SUGAR LAND, Texas – Noble Investment Group of Atlanta purchased the Hyatt Place Houston/Sugar Land, a 214-room hotel in Sugar Land, Texas. The Hyatt Place Houston/Sugar Land is located on 3.69 acres at 16730 Creek Bend Drive in Sugar Land at the intersection of Highway 6 and U.S. 59.  The hotel, which opened in 2010, has 6,000 square feet of ... Read More »

Agency Seeking Bids for Downtown Hotel in Houston

HOUSTON – Houston First Corp. is seeking a developer for 400-room hotel that would be located on top of the new parking garage and office building planned just north of the George R. Brown Convention Center in downtown Houston. A request for proposals issued by Houston First Corp says the team would privately finance, own and operate the hotel, which ... Read More »

Marriott to Build Next to Billy Bob’s – The World’s Largest Honky Tonk

FORT WORTH – A hotel developer has purchased a site next to Billy Bob’s Texas, which bills itself as the “world’s largest honky-tonk” in Fort Worth’s well-known tourist area, the Stockyards National Historic District. The site was acquired by Sunbelt-CFX, LLC, which intends to start construction on a 124-room Marriott Courtyard immediately. It is within walking distance of the Texas ... Read More »

The RNR Hotel Report

COMPILED BY RealtyNewsReport.com HOUSTON – Songy HighRoads will build a second Hyatt-branded hotel to a new development across the street from the Galleria. Songy and the Carlyle Group are under construction with a 325-room Hyatt Regency at the northwest corner of Sage Road and West Alabama Street. In addition, a 157-room Hyatt Place will be built adjacent to the Hyatt ... Read More »

REIT Buys Boutique Ashton Hotel in Downtown Ft. Worth

FORT WORTH – CBRE Hotels announced the sale of The Ashton Hotel, a 39-unit historic boutique hotel in downtown Fort Worth. Ashton Hotel Partners sold the property to Ashford Hospitality Trust, a Dallas-based hotel REIT, which plans additional renovations. The REIT owns a nearby Hilton property. The Ashton Hotel, 610 Main, first opened in 1890 (two-story) and 1915 (six-story). Following ... Read More »

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