Houston-based Medical Center Fannin OST Investments LP recently bought 7329 Fannin and 1803 Old Spanish Trail from Houston’s Dixon Financial Services Ltd. Tom Condon Jr. with Colliers’ Woodlands office represented the buyer, andLouis Smith with Houston-based SRC Properties represented the seller.
The buyer plans to redevelop the 1.3-acre site into two nationally branded hotels, totaling 325 rooms. A restaurant is planned for the ground floor, and parking will be on the upper levels, according to Colliers.