Posted Aug 16, 2018, 3:36 PM
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Join Date: Jan 2009
Location: Chicago, IL —-Austin, TX
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W Hotel proposal for downtown Houston set for vote
Quote:
Houston First Corp. is set to vote Aug. 16 on a proposal to bring a highly anticipated W Hotel to downtown Houston, according to a press release.
It would be the city’s first location of the contemporary W Hotels & Resorts brand, owned by Maryland-based Marriott International Inc. (Nasdaq: MAR), and the third in Texas.
If approved by Houston First, the plan would move to the Houston City Council for a final vote. The plan calls for developer Texas Hospitality Partners to build the hotel atop Partnership Tower, which houses Houston First, the Greater Houston Partnership and other organizations. THP would not use taxpayer dollars for the $120 million project, per the release.
The project is expected to create more than 745 construction jobs, though more information about the construction was not specified in the release. The hotel would have more than 300 rooms, create at least 275 jobs and potentially create $3.4 billion in direct overall revenue to the city of Houston, Houston First and other local government, per the release.
The 10-story Partnership Tower, at 701 Avenida De Las Americas near the George R. Brown Convention Center, was unveiled in October 2016 and was designed to accommodate additional floors for a hotel in the future. News of the W Hotel proposal first broke in February, and it found support from residents and business leaders seeking more high-end hotel inventory in Houston.
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