Austin Firm Buys 27 Hotels for $822 Million
AUSTIN – (Realty News Report) – Austin-based Summit Hotel Properties has agreed to acquire 27 hotels in Texas and surrounding states from Dallas-based NewcrestImage for $822...
Category : Hospitality
New Houston Hotel Opens at Texas Medical Center
HOUSTON – (Realty News Report) – American Liberty Hospitality will open a 10-story hotel property on the Veterans Affairs Medical Center campus at 6840 Almeda...
The Woodlands Hotels Sold for $252 Million
THE WOODLANDS – (Realty News Report) – A joint venture between the Los Angeles-based Lowe real estate firm and an institutional investor acquired three hotels in...
Sold: Magnolia Hotels Brand – Historic Boutique Hostelries
HOUSTON – (Realty News Report) – A controlling interest in the Magnolia Hotels brand, which includes a historic hotel in downtown Houston, has been acquired...
Redo at Historic Galvez is Part of Galveston Upswing
GALVESTON – (Realty News Report) -The renovation of the historic Galvez Hotel, which has been renamed the “Grand Galvez” will be complete in 2022, according...
New Ownership for Shuttered Hotel in Downtown
HOUSTON – (Realty News Report) – Downtown’s 223-room Hotel Alessandra, which closed down in January amid a tough Covid business environment, has been acquired by...
The Biggest New Nightclub in Houston? … Probably
HOUSTON – (Realty News Report) – Newly formed, Houston-based Sekai Hospitalityis set to open its initial two nightclubs in Houston this fall. WYLD CHLD The first...
Arch-Con Starts Hotel in Austin’s Rainey Street District
AUSTIN – (Realty News Report) – General contractor Arch-Con Corporation is constructing a 17-story Fairfield Inn & Suites in the Rainey Street District near downtown Austin....
SOLD: Hotel Indigo Near Galleria
HOUSTON – (Realty News Report) – Driftwood Capital, commercial real estate firm specializing in hospitality, has acquired the Hotel Indigo Houston at the Galleria, a...
Nine Hotels Acquired for Redevelopment
HOUSTON – (Realty News Report) – Lockwood Development Partners has acquired a portfolio of nine hotels, including properties in Houston and Austin for $225 million....