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Category Archives: Hospitality

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 »

New Hilton Brand “Curio” Awarded to new Sahara in Las Vegas and Sam Houston Hotel in Houston

HOUSTON – The Sam Houston Hotel in downtown Houston and a major redevelopment of the Sahara hotel on The Strip in Las Vegas will be the first properties to carry the new Curio flag by Hilton Worldwide, the hotel company announced Monday. Hilton described Curio thusly in a news release: “Curio – A Collection by Hilton (curiocollection.com) is a global ... Read More »

Borlenghi Expanding Granduca Hotel Brand to Austin, Then Other Markets

AUSTIN — The Granduca hotel brand is expanding to Austin – and perhaps to other cities – as Houston developer Giorgio Borlenghi has broken ground on the Hotel Granduca Austin, an Italian-styled luxury hotel. The Austin hotel is the first step in what could be a national expansion of the luxury brand, says Borlenghi, the Italian born developer who has ... Read More »

GreenStreet: New Hotel to be Developed in Downtown Houston

HOUSTON – A new upscale hotel, developed in partnership with the Valencia Group, will be built to create new momentum at the GreenStreet mixed-use development in downtown Houston, according the project’s new owners, Midway Cos. and an investment group led by basketball legend Magic Johnson. GreenStreet, a 570,000-sf project covering four blocks east of Main Street, was formerly the Houston ... Read More »

Hotel to be Built Next to New Exxon Mobil Campus in Houston

HOUSTON – The gigantic new Exxon Mobil campus, scheduled to open its first office building next month, continues to generate activity on the north side of Houston. The latest: Woodbine Development and InterMountain Management (IMM) announced they have purchased 3.25 acres in Springwoods Village to develop an extended-stay hotel. The new hotel, a 128-room Residence Inn, is scheduled to open ... Read More »

Crowne Plaza Hotel in Downtown Houston Sold to Hotel REIT

HOUSTON – The 259-room Crowne Plaza Houston Downtown Hotel, 1700 Smith Street, has been sold for $30.7 million in cash, plus other consideration, according to the buyer, Southerly Hotels Inc. The hotel is expected to have 72 percent occupancy rate in 2013, with an average daily rate of $134.50, room revenue per available room (“RevPAR”) of approximately $96.80. The hotel, ... Read More »

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