May 19, 2017
Stepping on the gas: Petroleum Building sells
HOUSTON – The historic 21-story Petroleum Building—which is now called the Great Southwest Building—in downtown has been sold to Choice Hotels International Inc.The hotelier's plans in Houston to redevelop the Art...
HOUSTON – The historic 21-story Petroleum Building—which is now called the Great Southwest Building—in downtown has been sold to Choice Hotels International Inc.
The hotelier’s plans in Houston to redevelop the Art Deco skyscraper, which was built in 1927, at 1314 Texas St. come on the heels of Choice Hotel executives partnering with Dallas developer John Kirtland.
So far, Choice Hotels has invested $450 million into expanding the high-end brand in Texas and the rest of the country.
Choice Hotels plans to have 13 Cambria-branded hotels in Texas, with three already open—in Southlake, Plano and McAllen—and more on the way.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.