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1,000-Room Marriott Marquis Planned for Houston

1,000-Room Marriott Marquis Planned for Houston

Bethesda, Md.—RIDA Development Corporation in conjunction with the Houston First Corporation will develop a 1,000-room Marriott Marquis in the heart of Houston. The hotel, which will have over 100,000 square feet of meeting space, will be across the street and ...

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Sotherly Hotels Acquires Crowne Plaza Houston Downtown

Sotherly Hotels Acquires Crowne Plaza Houston Downtown

WILLIAMSBURG, Va.—Sotherly Hotels announced that the company has acquired the entity which owns the Crowne Plaza Houston Downtown Hotel for $30.65 million in cash and 32,929 units of limited partnership interests in Sotherly Hotels, plus an additional cash amount for ...

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Bill Gates to Buy Houston Hotel

Bill Gates to Buy Houston Hotel

Bill Gates might have built his fortune with Microsoft, but it looks like the billionaire tech-industry icon is in the business of owning hotels as well. According to this article from Culture Map Houston, Gates’ Cascade Investments is buying the ...

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RLJ Lodging Trust Acquires Downtown Houston Hotels

RLJ Lodging Trust Acquires Downtown Houston Hotels

BETHESDA, Md.—RLJ Lodging Trust announced that it acquired the historic Humble Oil Building complex in downtown Houston, for a purchase price of $79.5 million, or approximately $151,000 per key. The Humble Oil Building is a three-tower complex that occupies an ...

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HVMG Awarded Management of Hampton Inn & Suites Houston-Rosenberg

ATLANTA, Ga.—Hospitality Ventures Management Group (HVMG), a privately owned hotel ownership and management firm headquartered in Atlanta, announced that it has assumed management of the 77-room Hampton Inn & Suites Houston-Rosenberg in Texas. HVMG now manages 39 hotels including 20 ...

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