Canadian Firm Buys Houston Hotel
HOUSTON – Prime Real Estate Group, a Canada-based organization, has purchased the 207-room Holiday Inn Houston Southwest-Sugar Land Area. Michael Yu, Rahul Bijlani, Eric Guerrero...
Category : Hospitality
Goldman Sachs Backing Launches Construction of Austin High-Rise
AUSTIN – Goldman, Sachs & Co. has joined forces with the Kor Group in developing a 33-story hotel and condominium project in downtown Austin. The...
Hotel Alessandra Construction Reaches Topping Out Milestone
HOUSTON – Midway Cos. announced that Hotel Alessandra – a 223-room upscale hotel under construction in downtown Houston – has topped out. The 20-story hotel,...
New Hilton Brand Opens Hotel in Stafford, Near Houston
STAFFORD, Texas – Home2 Suites, an extended-stay hotel brand by Hilton, has opened near the Southwest Freeway in the Houston suburb of Stafford. The 91-unit...
Work Begins on 1.1 Million SF Hotel/Apartment Tower Near Medical Center
HOUSTON – Medistar Corp. has started construction on a 21-story, 353-room InterContinental Hotel and a Greystar apartment tower at 6750 Main St., across from the...
Hines Begins Construction on Conrad Hotel in Washington
WASHINGTON – Construction has started on the Conrad Washington, D.C., a 360-room hotel with 30,000 SF of ground-floor retail space at CityCenterDC, a 10-acre mixed-use...
Historic Downtown Houston Office Building to be Transformed into AC Marriott Hotel
HOUSTON – Boxer Property has sold a 102-year-old building on Main Street in downtown Houston to a group that will redevelop it into an AC...
Millennials Disrupt Hotel Industry
NEW ORLEANS – The U. S. hospitality sector continues to grow, but financing is becoming harder to obtain and Millennials are influencing the design of...
Austin Hotel REIT Buys Hotel in Las Colinas for $10.5 Million at 7.7 Percent Cap Rate
IRVING, Texas – Austin-based Summit Hotel Properties sold its 128-room Holiday Inn Express & Suites located in the Las Colinas project in Irving, near Dallas for $10.5 million. The...
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...