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Valencia has Discovered a New Hotel Development Niche that Others May Soon Imitate

HOUSTON – Houston-based hospitality firm Valencia Group believes it has found a niche for further hotel expansion: college towns. The firm — which is building the luxury Hotel Alessandra Houston downtown in partnership with Midway — is positioning properties near universities such as Texas A&M, explains Valencia Executive Vice President John Keeling. “College Station is one of the strongest college ... Read More »

Oil’s Impact on Houston Hotel Development: The Q&A with Randy McCaslin

Houston’s lodging sector remains relatively strong, particularly with billions in petrochemical plants under construction in East Houston, expansions at the Texas Medical Center, last year’s opening of the Southwest Airlines International terminal at Hobby Airport and the 2016 NCAA Men’s Final Four. Next year Houston hosts the Super Bowl, which will further buoy the hospitality market. Where is the hotel ... 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 »

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 »

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 »

Boxer Entering Hotel Sector

PHOENIX – Boxer Property, a Houston-based firm which has invested in office properties since 1992, is adding hotel investments into its portfolio. Boxer announced it has acquired its first resort hotel  — the AAA Four-Diamond rated Pointe Hilton Tapatio Cliffs Resort in Phoenix. “With the purchase of Tapatio Cliffs, Hotel & Resort, our first hotel, we are excited to launch ... Read More »

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