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Category Archives: Hospitality

Texas Hotel Construction: Higher Oil Prices Could Stimulate More Building, Says Arch-Con’s Michael Vaughn

HOUSTON – (Realty News Report) – The hotel industry in America’s fourth-largest city and its energy capital, has remained relatively flat over the past few years as a result of price gyrations in the energy sector. However, oil prices are recovering and that could jump start hotel building. For example, Houston’s Arch-Con Construction has nearly 1,200 keys under construction throughout ... Read More »

Houston Developer Breaking Ground on 20-Story Riverwalk Project in Downtown San Antonio

SAN ANTONIO – (Realty News Report) – DC Partners, a Houston firm led by Roberto Contreras, will break ground this month on the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium project on the River Walk in downtown San Antonio. DC Partners has hired Jordan Foster Construction to build the 20-story tower, which will ... Read More »

Another Hotel Underway in Downtown Houston

HOUSTON – A new Hyatt Place Hotel is being developed in downtown Houston. Dallas-based Hall Structured Finance has closed a new first lien construction loan totaling $22.8 million to finance the adaptive reuse of the 70-year-old Southwestern Bell Telephone Co. office building in Downtown Houston into a hotel. The 150-key all-suite, select service Hyatt Place Hotel is being developed by ... Read More »

Transwestern Retained to Lease Vivacity Medical District in Northeast Houston

HOUSTON – The Signorelli Co. has retained Transwestern to lease Vivacity Medical District, a 186-acre medical park in the 1,400-acre Valley Ranch community in northeast Houston. Transwestern’s Chris Wadley and Justin Brasell will lease the medical district. Located near the intersection of U.S. Highway 59 and Grand Parkway, the Valley Ranch will have 1,500 single-family homes, 3,000 multifamily units, 2.5 ... Read More »

Industrial Strength: Oakmont Building Huge Spec Warehouse in Emerging Distribution District

HOUSTON – (Realty News Report) – Atlanta-based Oakmont Industrial Group has commenced construction on Oakmont West 10, a 673,785 SF spec warehouse in the West Ten Business Park on Interstate 10, west of Houston. The project will be on 42 acres in West Ten Business Park, which Oakmont acquired from from Parkside Capital. John Simons and Holden Rushing with NAI ... Read More »

Houston Hotel Firm Relocates Headquarters

HOUSTON – American Liberty Hospitality, a Houston based hotel firm led by Nick Massad Jr., has leased 6,700 SF of office space in west Houston for its headquarters. American Liberty Hospitality has several hotels in downtown Houston, including the 262-room Embassy Suites and The Sam Houston Hotel, along with other hotels in Texas and Louisiana. The hotel firm leased office ... Read More »

Midway/Valencia Opening The George Hotel Near Texas A&M University

COLLEGE STATION, Texas – The George, a 162-room hotel developed by Midway and Valencia Group, will open in August near the Texas A&M University campus. The hotel’s name is taken from notable “Georges” such as President George H.W. Bush and George Mitchell, the developer of The Woodlands. The hotel is part of Midway’s Century Square, a 60-acre destination by Midway ... Read More »

Houston Developer Starts Hotel/Condo Tower on the San Antonio River Walk

SAN ANTONIO – DC Partners, a Houston firm led by Roberto Contreras, is developing the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium project on the River Walk in downtown San Antonio. DC Partners has hired Jordan Foster Construction to build the 20-story tower, which will be constructed at the corner of North Saint ... Read More »

Hotel Investors Making Plays in San Antonio’s Hot Hotel Market

SAN ANTONIO – The San Antonio hotel market is demonstrating strong fundamentals that are attracting investors. “With Houston’s market still in decline, and the Austin and Dallas-Fort Worth markets flattening out due to large hotel room supply increase, San Antonio is becoming a more attractive destination in Texas for hotel investors. A very small new hotel room supply pipeline and ... Read More »

10-Story Marriott Going Up Next to Exxon Mobil Campus in Springwoods Village

SPRING, Texas — Construction has started on the 337-room Marriott CityPlace hotel in the Springwoods Village community, where the Exxon Mobil campus is located in north Houston. Dallas-based Woodbine Development in partnership with CDC Houston and USAA Real Estate Co. announced the 10-story hotel project, slated to open in November 2018. The Marriott hotel anchors the eastern end of CityPlace, ... Read More »

Sugar Land Industrial Property Sold

SUGAR LAND, Texas – Dalfen America Corp., part of a Canadian industrial real estate investment company, has sold the 330,674-SF Gillingham Distribution Center in to Gillingham DC, LLC. The property is located in the Sugar Land Business Park, near Beltway 8 and Highway 90A. The sale includes five acres of developable land that could handle as much as 80,000 SF ... Read More »

CBRE: Holiday Inn Sale One of a Spate of Hotel Deals in Houston

HOUSTON – PKRS Management purchased the 125-room Holiday Inn Express & Suites Houston Northwest on Huffmeister Road from Cypress Hotels Inc. Eric Guerrero, Michael Yu and Rahul Bijlani, of CBRE Hotels in Houston, represented both sides of the deal. On the trailing twelve months, this sale represents the 20th South Central U.S. hotel transaction for these CBRE Hotels’ professionals in ... Read More »

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