BY ANNA DEMMLER
RANDY MCCASLIN, CBRE MANAGING DIRECTOR, HOTEL MARKET:
- “Hoteliers are smiling this week,” says McCaslin
- 2017 will be the Year of Transition
Your Marketing Source For Texas Commercial Real Estate Reaching 100,000+ QUALIFIED Commercial Real Estate Brokers, Investors, Developers & Commercial Service Providers
BY ANNA DEMMLER
RANDY MCCASLIN, CBRE MANAGING DIRECTOR, HOTEL MARKET:
BY ANNA DEMMLER
BY BRANDI SMITH
Finding the balance between development and the Mother Nature in Texas
The relationship between water and the state of Texas has always been a complicated one. Whether there’s too much or too little, water is a much-discussed resource in the Lone Star state, especially as development here booms.
After a record drought that started in 2010 and brought massive, destructive wildfires, Texas has been hit by nearly two dozen flooding events, which have destroyed thousands of homes and crippled communities. However, it appears the push to build exceeds the challenges posed by Mother Nature.
Mac Haik Realty and MH Hospitality, two Houston based entities, has broken ground on a 7 level, 162-room Embassy Suites Hotel, to be completed by September 2017. The new hotel will be located at the intersection of Jane Street and University Drive in College Station, TX, immediately adjacent to Texas A & M University. The new hotel will serve the Texas A&M University, the Bio Technology corridor as well as the greater College Station, Bryan market.
Ted Ent, President/COO of MH Hospitality said “MH Hospitality also plans to open a 5 level, 142-room, Home2 Suites Hotel at 1106 Sherwood Forest Drive and Interstate 10, in Houston, TX by September 2016. Our hotel group is also under construction with a 16 story, 208 room Embassy Suites Hotel at the intersection of Park 10 and interstate 10, also located in Houston, TX. We are very excited to introduce these three new hotels to our continued growth with Hilton Worldwide”.