Property Types Hospitality
Houston Hotel Emerges from $22M Makeover
Sept 5, 2008

Sunstone Hotel Investors has wrapped up its reinvention of the former Wyndham Greenspoint Hotel, re-opening the 480-room property as the Hilton Houston North. The company, which has owned the hotel since buying it from Wyndham International Inc. in 2002, spent $22 million on the renovation. Located at 12400 Greenspoint Dr., about a half-hour from downtown Houston and approximately seven miles from the George Bush Intercontinental Airport, the new Hilton features 51,000 square feet of revamped meeting space, a wine bar that will debut in October and a state-of-the-art fitness facility scheduled to open its doors by November.  


 
Recent Hospitality Headlines
While Hotel Investment Activity Languishes in the U.S., Market Remains Viable in Brazil
June 10, 2009
Plagued by the global recession that has slashed both business and pleasure travel, the hotel market is suffering on an international level and investors have backed away from buying or building in most locations, with a few exceptions--like Brazil. According to a new report by real estate services firm Jones Lang LaSalle Hotels, the positive long-term growth forecast for Brazil is popping up on the radar of those who are in the position to invest.
While Hotel Investment Activity Languishes in the U.S., Market Remains Viable in Brazil
June 09, 2009
Plagued by the global recession that has slashed both business and pleasure travel, the hotel market is suffering on an international level and investors have backed away from buying or building in most locations, with a few exceptions--like Brazil. According to a new report by real estate services firm Jones Lang LaSalle Hotels, the positive long-term growth forecast for Brazil is popping up on the radar of those who are in the position to invest.
Hotel Construction Pipeline Sluggish Throughout EMEA Region
June 05, 2009
Not surprisingly, the global recession is negatively impacting hotel development throughout Europe, Middle East and Africa regions, according to Lodging Econometrics' Q1 2009 construction pipeline report for the region.
Amid Troubled Hotel Sector, Companies Look to Boost Management Portfolios
June 05, 2009
Many hotel owners are looking at a troubling two years or so, as a large portion of their loans are coming due for refinancing in an environment of declining RevPar. In other words, many owners will be asked by lenders to contribute more equity into their loans, just when that money may be very hard to come by.
 
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