Posted Dec 7, 2023, 8:29 PM
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FYHA
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Join Date: Oct 2007
Location: Houston - Wichita, KS
Posts: 3,622
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https://www.houstonchronicle.com/business/real-estate/article/st-regis-residences-condo-memorial-park-houston-18538199.php
Quote:
Luxury St. Regis-branded condo tower planned near Memorial Park, River Oaks
By Marissa Luck,
Staff writer
Dec 7, 2023
A Houston developer is planning a 35-story condominium high-rise near Memorial Park that is expected to be the first St. Regis -branded residential community in Texas.
Satya Development reached an agreement with Marriot International to bring the St. Regis Residences brand to Houston on a 3-acre site overlooking Buffalo Bayou off Memorial Drive just outside of River Oaks. Satya will develop the tower according to the specifications outlined in a franchise agreement with Marriott International. Marriott will provide property management to the luxury community.
St. Regis Residences are not hotels, but bring a hotel-like level of amenities and services to condominium communities, often in major metropolitan areas such as Boston, Miami and Chicago.
Sunny Bathija, Satya's CEO, is buying a condo at the St. Regis Residences in Sunny Isles Beach Miami, and sought to bring a piece of that experience back to Houston.
“Marriott and St. Regis, they bring the part of luxury living which you can only experience typically when you stay at a hotel,” Bathija said in an interview.
“Bringing St. Regis Residences to Houston has always been a strategic priority for our company, and working with Satya has been the perfect fit as a prominent local developer,” said Sarah Khalifa, VP, Mixed-Use Development, Marriott International, in a statement.
The planned tower will not include hotel rooms, Bathija said, so residents won’t have to share amenities with hotel guests. While amenities are still being finalized, the building is expected to have a pool, fitness center, wine tasting room, golf simulators, kid’s activity center, pet spa, boardroom and business center.
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