New Hampton is heading to greater Houston
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.
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.
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.
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.”
Hilton enters Tunisia with Skanes beach resort
This hotel marking Hilton’s debut in Tunisia combines world-class dining and wellness with panoramic Mediterranean views and close proximity to historic cultural landmarks. Cultural inspiration The brand-new Hilton Skanes Monastir Beach Resort is now welcoming guests...
Fasano debuts group’s tenth hotel with opening in São Paulo
This May-opened hotel pays homage to the city’s original Fasano hotel, Fasano São Paulo Jardins, which opened 20 years ago. Signature Fasano design The May opening of Fasano São Paulo Itaim follows the recent openings of Fasano Fifth Avenue in New York City and Fasano...
DoubleTree by Hilton to debut in Berlin next month
This DoubleTree by Hilton in Berlin is the result of a franchise agreement with asset manager Blackstone and Event Hotels. The property benefits from a multi-million euro remodelling. Brand entry to Berlin The 420-key DoubleTree by Hilton Berlin Ku’damm is opening...
Elkonin Tel Aviv opens as a part of MGallery Hotel Collection
The 44-key boutique hotel is home to Israel’s first Clarins spa, as well as the fine-dining restaurant, L’Époque by Jöel Robuchon. Reviving a historic site Elkonin Tel Aviv has now opened as a part of the MGallery Hotel Collection. This hotel takes over the site that...
Omni unveils $520m PGA Frisco resort
This major destination from Omni Hotels & Resorts caters for guests of all ages in a space spanning an impressive 660 acres. A new golfing destination The highly anticipated Omni PGA Frisco Resort is now welcoming guests to experience its wealth of facilities,...
Omni debuts third Arizona hotel in Downtown Tempe
This Omni hotel is the result of a $125m investment and part of a public-private partnership with Arizona State University (ASU) and the City of Tempe. A community hub Omni Tempe Hotel at ASU is now open at the intersection of University Drive and Mill Avenue in...