HOUSTON – Woodbine Development Corporation and InterMountain Management started construction June 1 on a hotel in Springwoods Village where the new 3 million square-foot Exxon Mobil campus is nearing completion.
The hotel developers recently finalized the purchase of three acres in Springwoods Village developer CDC Houston to develop a Courtyard by Marriott hotel.
“With ExxonMobil’s campus and Southwestern Energy’s headquarters now open for business, Springwoods Village has stimulated a new hotel submarket to serve the expanding employment center in north Harris County,” said Keith Simon, executive vice president of CDC Houston. “The development of the Courtyard by Marriott hotel is just the next step in our strategy to provide a range of hotel properties at different price points, all within walking distance of work centers, dining, retail and recreation facilities.”
The 125-room Courtyard by Marriott is scheduled to open in second quarter 2016.
Situated on Holzwarth Road just south of the Residence Inn by Marriott – slated to open in September 2015 – the Courtyard by Marriott will serve the ExxonMobil campus, Southwestern Energy headquarters, CHI St. Luke’s medical campus and other employers in the North Houston area.
“We’re pleased to break ground on our second project in Springwoods Village,” said King Scovell, Woodbine’s vice president of development. “It’s been exciting to be a part of the dynamic growth of this unique community.”
The new hotel is being co-developed by Woodbine and InterMountain Management (IMM), who will also manage the hotel, in partnership with USAA Realco. Woodbine, known for its extensive hospitality and mixed-use projects, is also planning to develop a full-service hotel in CityPlace Springwoods Village. Other members of the Courtyard by Marriott development team include GH2 Hospitality Architects, Walter P. Moore, Precision Engineering, DCI Engineers and Clark Contractors.
Springwoods Village is a $10 billion, 1,800 acre sustainable master-planned community coming to life in Spring, Texas, just south of The Woodlands and 20 miles north of downtown Houston. Located at the confluence of I-45, the Hardy Toll Road, and the Grand Parkway, the nature-inspired residential and commercial community will provide diverse housing options, civic facilities, outdoor recreation and a 60-acre CityPlace with office space, shopping, dining and lodging in an urban, walkable environment.
CDC held the acreage for decades before selling the initial tract to Exxon Mobil over seven years ago.
Southwestern Energy moved into its new headquarters in Springwoods Village in December 2014 and the ExxonMobil campus is nearing completion, with thousands of employees already working in the community.
The Belvedere apartments, developed by Martin Fein, are now complete and the growing Audubon Grove and Harper Woods residential neighborhoods received its first single-family residents last year.