Swamplot Archives by Category: Hotels

Tuesday, June 30, 2009

Roller Coaster on the Pier: Crunch Time for the Flagship Hotel

There may be a buyer for Galveston’s Flagship Hotel, reports Laura Elder in the Galveston County Daily News. The hotel suffered about $7 million in damage from Hurricane Ike last year. But Landry’s Restaurants, the current owner, has a fallback plan in case the sale doesn’t go through:

If the 225-room property at 25th Street and Seawall Boulevard doesn’t sell, Landry’s likely would demolish the hotel and develop a “pleasure pier” with amusement rides, officials say. . . .

Landry’s is pricing demolition for the hotel, built in 1965 as a show of confidence after Hurricane Carla, Jeff Cantwell, senior vice president for development, said.

Perched on a pier overlooking the Gulf, the Flagship fell into disrepair on its own after 1990, when The Flagship Hotel Ltd. took over management.

Landry’s paid the city $500,000 for the hotel in 2004, saying it planned to spend $15 million transforming the property into an entertainment plaza with amusement rides, including a roller coaster.

Landry’s attempted to move ahead, but was stymied by agreements that gave Daniel Yeh, head of The Flagship Hotel Ltd., control of the hotel until 2031.

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Wednesday, June 17, 2009

The Federal Reserve’s Extended Stay in Houston

   

Extended Stay Hotels, which operates 21 extended-stay hotels in Houston under the Homestead Studio Suites, StudioPLUS Deluxe Studios, Extended Stay America, and Crossland Economy Studios brands, declared Chapter 11 bankruptcy earlier this week. How is the Fed involved? “The Federal Reserve holds $744 million of various junior classes of debt and $153 million in the senior debt that the central bank assumed after the collapse of Bear Stearns, which held a sizable amount of the hotel chain’s debt. The losses are mounting for the Fed on those Bear Stearns assets, which continue to sour. Extended Stay loans were held on the Fed’s balance sheet via a company called Maiden Lane that the central bank lent $29 billion in June 2008 to purchase $30 billion of Bears’ assets.” [Deal Journal; more at Calculated Risk]

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Monday, April 13, 2009

Out of Their League: Victory Lakes’ Battle of the Freeway Flank

Some residents of 9-year-old Victory Lakes have been demonstrating against a La Quinta Inn proposed for the commercial strip that separates the recent master-planned community from the Gulf Freeway in League City, reports Rhiannon Meyers in the Galveston County Daily News:

[Developer Roy] Mease turned what was supposed to be an upscale suburb and high-end offices into a hub for big box retailers, fast food restaurants and hotels, Victory Lakes residents claimed.

“I’m opposed to these hotels,” resident John Calebrese said. “It’s just another step in the wrong direction of the promises made to the original homeowners of Victory Lakes … (The subdivision) is nothing like what was promised.”

But Mease said the subdivision, with its 14 big box retailers, brings in an “ungodly amount” of sales tax revenue for League City. There is no reason to oppose a hotel plotted for land far away from any Victory Lakes homes, he said.

A Hampton Inn and Candlewood Suites are already under construction. What’s wrong with La Quinta?

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Monday, April 6, 2009

A Few Reservations About a Downtown Hilton Garden Inn

That 11-story, 240-room Hilton Garden Inn the WEDGE Group International was planning to build next to the company’s Downtown tower has been put on hold — at least until September — a source tells Swamplot. Financing apparently wasn’t the issue. Our source says that Hilton’s executive board is being cautious, and “wanted to watch the Houston market conditions to see if it would be a wise placement.”

The hotel was planned to fit directly to the north of the WEDGE tower at 1415 Louisiana and cover the blank parking-garage wall facing Clay St.

Rendering of Proposed Hilton Garden Inn: Mitchell Carlson Stone

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Thursday, March 12, 2009

Comment of the Day: Downtown Hilton Garden Inn Furniture Plan

   

Financing? WEDGE’s principal can find the money for this project in his couch cushions. According to ArabianBusiness.com, Issam Fares is currently the 32nd richest Arab on the planet with a net worth of $2.4 Billion.” [Bernard, commenting on Downtown Wallflower: A New Hilton Garden Inn?]

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Wednesday, March 11, 2009

Downtown Wallflower: A New Hilton Garden Inn?

Schemers at over- capitalized WEDGE Group International appear to have hatched a complicated plot to cover up that 11-story blank parking-garage wall at the base of the company’s Downtown tower at 1415 Louisiana. The plan: slide a new building of equivalent height — say, a Hilton Garden Inn — right next to the tower’s north base, then add a suburban-style porte-cochere entrance along Clay St.

HAIF user lockmat unearthed this small rendering of the hotel (above), which was hiding in plain view on the WEDGE Real Estate Holdings website. It shows how the completed wallcovering would look from Louisiana St., just north of Clay — if WEDGE’s separate 12-story Clay Garage wasn’t there to block the view. The tall buildings shown in the background are the WEDGE tower and the ExxonMobil building just behind it to the left.

How far along are these plans?

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Tuesday, October 21, 2008

Putting Off the Ritz: Boulevard Place Towers Stalled

Aerial View of BLVD Place, Showing Proposed Ritz Carlton and Hanover Apartment Towers

Remember the two 30-plus-story towers planned for Boulevard Place on Post Oak — the Ritz Carlton Hotel and the Hanover apartment tower? How have they been surviving the rumbling credit crunch?

A HAIF user last week

got slight confirmation that both the hanover tower and the ritz are going to be delayed at least slightly… they still expected both to happen, but they will be phased in.

Then yesterday came another comment:

i can confirm this in regards to hanover.

dont expect their tower to be built anytime soon.. i would consider it postponed indefinitely rather than slightly.

Followed by this:

As a sub on this project I will also confirm this. We have been told at least 6 months of delays.

But they still look great on paperscreen!

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Monday, July 14, 2008

1634 Westheimer: New Bunkhouse Hotel in Montrose

Drawing Showing Planned Hotel at 1634 Westheimer, Montrose, Houston

Concept drawings for the new “boutique” hotel on Westheimer mentioned here on Friday are out! A tipster sends us to a HAIF post pointing to the Bunkhouse Management website, where Liz Lambert and company — the team behind Austin’s too-cool slow-mo Hotel San Jose rehab and Jo’s Coffee — have posted sketches of a 5-story, 75-room hotel complex planned for 1634 Westheimer, between Dunlavy and Mandell.

Yes, that’s the long-vacant failed-condo site next to Buffalo Exchange, across the street from the Leopard Lounge. Bunkhouse describes the site as a “blank slate,” but they’re likely to find a number of poured-then-abandoned piers on the property.

Bunkhouse’s plans show a restaurant, patio, and retail space fronting Westheimer. The hotel, wrapping around a pool, is in back, reachable from the front patio and a car entrance along one-block-long Kuester St., on the east side of the property.

Below: More drawings, including a site plan.

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Friday, July 11, 2008

Boutique Hotels Coming to Washington Ave. and Lower Westheimer?

   

They’re not saying much, but two separate potential developers have targeted Inner Loop sites. No “immediate plans,” of course: “Liz Lambert, the businesswoman behind the hip Hotel San José in Austin, has a site on lower Westheimer earmarked for a possible hotel. . . . Sergio Ortiz, owner of Houston-based Orion Hotels Inc., is working on the development of a boutique hotel on Washington Avenue, one of the hottest emerging strips in the Bayou City.” [Houston Business Journal]

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Monday, July 7, 2008

Heaven on Earth Being Reincarnated

Former Holiday Inn, Days Inn, and Heaven on Earth Inn, St. Joseph Parkway at Travis, Downtown Houston

“A group of doctors and entrepreneurs” calling itself New Era Hospitality is the mystery buyer of the long-abandoned 31-story former Days Inn-former Holiday Inn-former Heaven on Earth Plaza Hotel on St. Joseph Parkway between Travis and Milam, reports Nancy Sarnoff in the Chronicle:

. . . demolition has already started on the interiors, which are being gutted and will be replaced with 340 modern suites, 60 standard guest rooms, 32,000 square feet of meeting space and a swimming pool and bar on top of the attached garage.

That’s down from 600 rooms in the original structure. New Era is hoping either Sheraton, Marriott, or . . . Holiday Inn (again!) will operate the property when it’s finished, in January 2010.

Photo: arch-ive.org

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Tuesday, June 10, 2008

Energy Plaza Embassy Suites: Hotel Mini-Mac

New Embassy Suites Hotel at Energy Plaza, Houston

A new Mini-Me for Energy Tower I is now going up at I-10 and Kirkwood. It’s an Embassy Suites Hotel!

The 216-room, 14-story hotel at 11730 Interstate 10 is Mac Haik’s third project in the development and will be situated just east of two office buildings. Energy Tower I, a 345,000-square-foot, 14-story building, is 100 percent leased, and Energy Tower II, a 428,979-square-foot, 17-story building under construction, is 90 percent preleased . . .

The developer is considering a third building, which could be a twin tower to the 17-story building or could be expanded.

Rendering of Energy Plaza Embassy Suites: Mac Haik Realty, via the Houston Chronicle

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Monday, June 9, 2008

Heaven on Earth Sells Again

Former Holiday Inn, Days Inn, and Heaven on Earth Inn, St. Joseph Parkway at Travis, Downtown Houston

A reader points us to the latest rumor swirling around HAIF: The long-vacant, 31-story shuttered hotel on St. Joseph Pkwy. between Travis and Milam downtown finally sold . . . 3 weeks ago! To . . . somebody!

The hotel was built in 1971 as a Holiday Inn and later converted to a Days Inn. In 1992 an organization affiliated with the Maharishi Mahesh Yogi (yes, the one the Beatles consulted) purchased the by-then-rather-shabby structure for $2 million and renamed it the “Heaven on Earth Plaza Hotel.” The irony was not lost on city officials, who shut the building down in 1998; it’s remained (at least officially) vacant since.

If news of a sale sounds familiar, it should be. As Houston Press reporter Craig Malisow wrote last year in a feature on the Holiday Inn and two other vacant properties downtown, the hotel sold in 2004:

The Maharishi people sold it for $8.5 million to a group of investors that included a Colorado Springs outfit called LandCo. Michael Raider, a Houston native who works for LandCo, told the Houston Business Journal in 2005 that the property would be slated for apartments or condos.

Another LandCo guy, Don Nicholas, told the Houston Chronicle in 2004: “An ugly duckling downtown will become a swan.”

Unfortunately, the swan kicked the bucket when the investors defaulted on the $8.5 mill, and the hotel went back to the yogis.

Better luck this time?

Photo: arch-ive.org

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Wednesday, June 4, 2008

The Sleek Strip, the Ritz Tower, and the Path to Whole Foods: A Closer Look at Boulevard Place

Post Oak Blvd. Parking, Blvd Place, Uptown, Houston

Sure, the super-Mod architecture, elevated sidewalks, artistically moistened streets, and glistening rotunda in the new Boulevard Place renderings make the place look pretty swank, but what’s with the token strip of parking spots out front? Is this gonna be pay-to-display valet? Some kind of shopping-center twist on a velvet rope line? Or just a stab at maintaining Houston street cred: Sure, Post Oak Blvd. might be going urban upscale, but this is one development that won’t be forgetting its strip-center roots!

Updated views of Blvd Place, including the new Ritz-Carlton and Hanover towers — plus a site plan and a Whole Foods puzzle! It’s all below:

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Thursday, May 29, 2008

Highland Village: Work Above Waterworks, Filling the Gap Gap

Construction on Top of Waterworks, Highland Village Shopping Center, Houston

A reader who lives near the Highland Village Shopping Center reports that work on “the structure being built (so slowly) on top of Waterworks” at the corner of Drexel and Westheimer appears to have started up again, after a long period of nothing-going-on. Plus: he hears it’s going to be a French restaurant. Wasn’t last year’s rumor that it was going to be a wine bar?

And speaking of rumors, the same reader wants to know what’s going to happen on the opposite corner of the same intersection, where the Gap used to be:

I have hear that it will be either a 5 story boutique hotel or 2 story retail, and, as of a few weeks ago, that they would be deciding between retail vs hotel by mid May.

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Wednesday, April 2, 2008

Rove Through Houston, Appreciating Europe

Karl Rove(?) in the Lobby of the Hotel Granduca, Houston

So a lot of Houstonians don’t really get the Hotel Granduca. Who does? During a recent visit, the proprietor of Houston restaurant blog Tasty Bits came up with one answer:

I was always curious about the people who pay $1,300 a night for a hotel suite in Houston. Who are they? What do they eat? I got my answer as soon as I arrived and saw Karl Rove waiting to get picked up in the lobby (sulfur, smoke, instant drop in temperature, and all). For a split second I thought about inviting him to join us for lunch. It’s not often you are in the presence of one of the more diabolical political minds of our generation.

Tasty Bits has more juicy commentary on the hotel:

Entering Hotel Granduca is a little like following the rabbit hole - just beyond the iron gates and right past the horse mounted statue of Adalberto Malatesta Granduca of Monfallito (?) is a different world than one might find in otherwise sensible Houston.

After the jump: What’s down that rabbit hole! Plus: tasteful commentary on lunch at the hotel’s Ristorante Cavour.

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