Jump to content

monarch

Full Member
 View Profile  See their activity

  • Posts

    3,443

  • Joined

  • Last visited

  • Days Won

    4

 Content Type 

Posts posted by monarch

    River Oaks District: Mixed-Use Development At 4444 Westheimer Rd. & 4702 Westheimer Rd.

    in River Oaks/Upper Kirby/Greenway Plaza/Bissonnet

    Posted · Edited by monarch

    165322__superhulk_l.jpg


    (htown live)


    Those hotels are definitely coming, and both will have to be very impressive, as the rich here are filthy rich and the economy is now demanding they come...which means their Houston locations will be off the charts luxurious. 


    (swtsig)


    I'll repeat what I have been told very matter of factly - ritz isn't happening. The issue isn't reveue per room it's the rate they need to achieve to make the project feasible. Even with the addition of condos they are struggling to make it work.


    ok, so this is the strange little conundrum that i am having as per this particular, and yet highly popular issue, we now have two of our most discerning members, currently contradicting one another's most sought after opinions. 


    we HAIF stalwarts, surely would like to hereby believe... that both aforementioned members are extremely credible as per this particular RITZ vs W HOTEL issue.  however, what can we do if both of our most knowledgeable 


    insiders are currently constantly contradicting the most key issue, upon whether or not the hotels are actually arriving to houston.


    surely, both of you gentlemen can see just how incomprehensible this issue is beginning to become.


    it is indeed evident, that both members are relying heavily as per their individual sources vs resources.  however, we would like to acquire the facts... or something very close...


     


     


     

    • Like 1

    River Oaks District: Mixed-Use Development At 4444 Westheimer Rd. & 4702 Westheimer Rd.

    in River Oaks/Upper Kirby/Greenway Plaza/Bissonnet

    Posted

    this is 100% spot on. it's not that it can't work, it's that there is no precedent in Houston on projects like this to base it on. capital sources for these types of projects need verification that the numbers they need to achieve will justify the project costs before moving forward - unfortunately for us, those comps do not exist in Houston. sure it's easy to look around and say with confidence that of course a project like a ritz would work but without hard data validating that notion it will never get past the investment committee.

     

    what i'm trying to say is don't hold your breath on a ritz coming anytime soon.

    swtsig, you know that you are like EF HUTTON.  whenever you speak, we tend to stop.. look.. and listen.  however, once again may i ask, does your aforementioned statement incur that dallas is so much more significant than houston, that they can acquire all of these first rate luxury brands (with seemingly reckless abandon).  i mean i can certainly comprehend what you are hereby stating... however, if what you are hereby espousing is indeed correct, then is dallas considered the unparalleled super center of texas?  heck, even austin has a w hotel, along with many more luxury brands being constructed. therefore, just where on earth does this leave houston... the largest city within the state of texas, and the fourth largest city within these united states? 

    • Like 2
×
×
  • Create New...