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Stepping on the gas: Petroleum Building sellsStepping on the gas: Petroleum Building sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=166002017-05-19T05:00:00Z2017-05-19T20:20:00Z

​​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.

Petroleum building renovation rendering
​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.
Dallas Business Journal
Houston-The Woodlands-Sugar Land
Hotel
http://www.bizjournals.com/dallas/news/2017/05/16/dallas-developer-sells-houstons-historic-petroleum.html

​Want more da​ta? See Houston Market Overview Research. ​

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