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...
Category : Hospitality
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...
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...
A Ritz-Carlton, Perhaps? – Simon Plans 30-Story Hotel/Condo Tower in The Galleria Complex
HOUSTON – Simon Property Group says it will move ahead with its plan to build a 30-story hotel and condo tower, probably similar to a...
New Westin Adds to Hotel Inventory in The Woodlands
HOUSTON – A new Westin has opened, adding to the hotel inventory in The Woodlands. The Westin at The Woodlands opened its doors in Town...
Florida Group Buys Sheraton Hotel near Houston Airport
HOUSTON – The Ecclestone Organization has acquired the 419-room Sheraton North Houston at George Bush Intercontinental Airport. The 10-story hotel, 15700 JFK Boulevard, was built...
Transwestern to Lease the 40-Story KBR Tower in Downtown Houston’s Cullen Center
HOUSTON – Transwestern will lease the 40-story KBR Tower and the 20-story 500 Jefferson buildings in downtown Houston. Combined, the two buildings have 1.4 million...
Q&A with David Songy, Developer of Two New Hotels in Houston’s Galleria Area
HOUSTON – Showing its confidence in the Houston lodging market, Atlanta-based commercial real estate firm Songy Highroads, LLC has opened not one but two hotels...