Nothing in store for vacant 239,045-SF Houston hotelNothing in store for vacant 239,045-SF Houston hotelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=71392013-06-10T13:52:00Z2013-06-10T08:00:00Z

HOUSTON - Atlanta-based Post Apartment Homes LP has acquired a 3.9-acre development site at 3131 West Loop South from Moody National Companies for $13.1 million. The parcel has a 239,045-sf vacant hotel and a 150-space parking garage on it.

The original plan was to demolish the hotel in its entirety and build a new 390-unit multifamily complex. However, the buyer is going to hold the land for future development.

Read more at CoStar Group.

CoStar Group
Houston-The Woodlands-Sugar Land
http://www.costar.com/news/article/39-acre-development-site-sells-for-$131m/149166Read more at {Source}

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