New Hampton is heading to greater Houston

by | 13 Sep 2022 | Hotel Projects, Projects

Texas-based K & K Hotel Group has picked up the financing to develop and manage a Hampton Inn & Suites within its home state, in Shenandoah.

The five-storey southern US property is projected to open in late 2023 for Hampton’s parent group, Hilton Worldwide.

Full facilities

Located within the greater Houston market, the 106-room hotel will feature over 1,000 sq ft of meeting space, a fitness centre, lobby workstation, laundry room, a dining area with a full bar, and an outdoor pool.

Hampton Inn & Suites Shenandoah will be sited one-mile north of The Woodlands town centre, which serves as the ‘downtown’ for the area.

Financial approval

Dallas-based Hall Structured Finance (HSF) originated a new first lien construction loan totalling $15.3 million to finance the development.

This is the sixth property HSF has financed in the Houston metro and the 25th loan the private lender has originated in Texas. HSF is currently on track to close over $1 billion in new construction and bridge loans in 2022, largely targeting the hotel and multifamily sectors.

Unprecedented growth

HSF vice president Matt Mitchell, who originated the loan, said: “The Woodlands and neighbouring cities such as Shenandoah and Oak Ridge North, have enjoyed unprecedented population and employment growth in recent years.

“We believe the hotel’s prime location along Interstate-45 and the popularity of Hilton’s Hampton Inn brand coupled with the area’s robust business climate will make it a great addition for the growing number of business and leisure travellers to the area.”

Related Articles

Lusaka to welcome five star resort

Lusaka to welcome five star resort

Asian developer Hing Construction is to bring a new five-star hotel resort to the Zambian capital, Lusaka. Hotel investment advisor Barrows is providing guidance on the project using its African and Middle Eastern regional experience. Raising funding Both parties have...

Treehouse to branch out to USA

Treehouse to branch out to USA

Imagery courtesy of  SH Hotels & Resorts SH Hotels & Resorts brand Treehouse Hotels is heading to the USA for the first time with a new site set to open in Sunnyvale, California in late 2023. The environmentally-conscious marque’s latest expansion sees a...

Hotel Indigo doubles Jeddah presence

Hotel Indigo doubles Jeddah presence

Imagery courtesy of IHG Hotels & Resorts. IHG Hotels & Resorts has signed a management agreement with Saudi Investment Group and Marketing Co (SIGMAC), a subsidiary of Ghazzawi Group, for its second Hotel Indigo in Jeddah. Opening in Q1 2028, Hotel Indigo...

Top 3 project announcements in September

Top 3 project announcements in September

TOPHOTELPROJECTS researchers have had a busy September, adding nearly 150 entries to the database over the last few weeks. Here we profile several of the most important hotel additions which have been announced in this month.   Trunk Hotel Yoyogi Park Japanese...

Generator takes on New York legend for refreshment

Generator takes on New York legend for refreshment

Imagery courtesy of The Paramount Hotel and Generator. Boutique brand Generator has signed its first third party management agreement, for an iconic New York City hotel which will now be refurbished. The European firm will operate the legendary Paramount Hotel,...

Accor brings French luxury style to Shanghai

Accor brings French luxury style to Shanghai

Accor’s Sofitel Hotels & Resorts brand is expanding in Shanghai with the agreement of a 293-key luxury urban resort, set to open in 2025. The hotel group is partnering with Shanghai Xinguang Technology Development Group on the development of Sofitel Shanghai South...

Pin It on Pinterest