Historic Galveston Hotel Selling to Dallas Hotelier: Galvez Redo Coming

GALVESTON, Texas – (Realty News Report) –  Hotelier Mark Wyant, who focuses on historic markets, has agreed to acquire the historic Hotel Galvez and Spa on Seawall Boulevard in Galveston.

The hotel, which opened in 1911, is located across the street from the Gulf of Mexico shoreline.

Wyant, owner of Seawall Hospitality LLC, is acquiring the hotel from the heirs of Galveston Island-born oilman and developer George P. Mitchell. The deal is scheduled to close on May 12.

George Mitchell’s Historic Properties

The Michell family recently sold another historic Galveston hotel called the Tremont House, to Hospitality Asset Funding Group, a joint venture between SRH Hospitality, based in Addison, and JLM Financial Investments, based in Austin. Mr. Mitchell, who died in 2013 at the age of 93, redeveloped a significant number of historic buildings in Galveston, including properties in The Strand.

The 200-room Galvez Hotel, located near 20thStreet, is part of Galveston Island’s tourism offerings, which have expanded in recent years with the growth of the cruise ship business.

Wyant, based in Dallas, is an established hotel owner and developer in Texas, Florida, Louisiana and South Carolina.

Wyant created The Saint Hotel brand and developed Saint properties in New Orleans, Key West and Charleston. He recently sold The Saint New Orleans and is finalizing construction on The Saint Hotel Charleston.

The Galvez Redo

“With its unparalleled location, I want to ensure that the iconic Hotel Galvez and Spa will remain a landmark, complementing the history and beauty of Galveston. This property is a beloved destination for weddings, corporate meetings, business and leisure travelers. My plans include renovations of the hotel rooms and interiors as well as the addition of entertainment venues, which will bring a new vitality to the Hotel Galvez and Spa,” said Wyant.

Mark Wyant

“I recognize and will respect the hotel’s beautiful architecture design while at the same time bring a renewed energy to Hotel Galvez,” said Wyant. ”I have a deep admiration for Galveston and its reputation for outstanding hospitality. My primary goal is to embody the legacy of Hotel Galvez and Spa, while also adding a renewed energy to the property.”

Specific plans for the renovations and additions at Hotel Galvez and Spa will be announced in the coming weeks.

A history lover, Wyant strategically selects development properties that are located in key United States cities known for their history and excellent leisure, business and entertainment experiences. In every historic location, his primary goal is to embody and respect the legacy, charm and history of the city.


April 15, 2021 Realty News Report Copyright 2021


File: Historic Galveston Hotel Selling to Dallas Hotelier


Caption: Hotel Galvez at sundown. Photo credit: Galveston Convention and Visitors Bureau


For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up  by Ralph Bivins. Available on Amazon  http://tiny.cc/4a2g6y

 

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