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​HOUSTON – The slim, 16-story office building located at 1114 Texas St. will be redeveloped into a Hyatt Place hotel.

The 154-room hotel will open in December 2018.

The redevelopment will cost $14 million, according to a building permit filed with the City of Houston.

The 115,360-sf building at 1114 Texas was built in 1948, per public records, and was last valued at $1.9 million as of Jan. 1, 2017.​​

​Related: The Great Southwest building transformation to hotel

Check out Houston Hotel Market Research.​​​​