Brookfield Office Properties announced giddily yesterday that the real-estate company has bought the 28-story long-vacant former Sheraton-Lincoln Hotel at 711 Polk St. Downtown — just so it can tear the property down. The once-swank hotel achieved a small measure of fame as the Beatles’ Houston crashpad . . . and was also apparently graced with an overnight stay by Kennedy avenger Jack Ruby. But the building has sat vacant for the last 24 years. Brookfield owns the 35-story office building directly to the northeast (at 1201 Louisiana), which has long offered tenants closeup views of the decaying structure. But it looks like only the building’s underground features will remain:
“Our tenants in Total Plaza will experience views of downtown that they never had before,” announced Brookfield’s Paul Layne, “and access to three levels of below-grade parking.” The company says it has no particular plans for further development of the site once the building is demolished.
In 2007, Omni Hotels and an Atlanta company called Songy Partners announced plans to create an all-suites hotel in the structure, which had been cleared of asbestos in the late nineties. The development was meant to include meeting space, restaurants, and a wellness and fitness center. But the project stalled. More recently, the property was put on the market for more than $8 million.
A few scenes from the hotel’s earlier days:
- Previously on Swamplot: Downtown Sheraton-Lincoln Redo: Too Many Reservations, The Beatles Slept Here