Property

Overview

Dual-concept Hyatt hotel under construction near the Texas Medical Center

KEY FACTS

  • A dual-branded hotel development coming to the Texas Medical Center is under construction and slated to open in 2022, according to a Nov. 3 news release from Satya, a Houston-based real estate consulting firm.
  • The 350,000-square-foot, 14-story project at 7329 Fannin St., Houston, will offer 159 rooms under the Hyatt Place brand and another 139 rooms under the extended-stay Hyatt House brand, the first of its kind in Houston for Hyatt.
  • The hotel will also include a 24-hour dining area’ a full-service restaurant and lobby cafe; two on-site bars and a parking garage.
  • A seventh-floor amenity deck will offer 3,500 square feet of meeting space, an outdoor pool, a fitness center and a laundry room.
  • The project is located in a Qualified Opportunity Zone, according to the news release, which means that it is eligible for certain tax incentives

Location

7329 Fannin St, Houston, TX 77030

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SONERI INVESTMENT GROUP

Private Real Estate Investment Firm