gene Posted March 13, 2020 Share Posted March 13, 2020 DOH! I just got that!!!! hahahaha! 😂 2 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted June 1, 2020 Share Posted June 1, 2020 And I can’t wait for the new W hotel 3 Quote Link to comment Share on other sites More sharing options...
CaptainJilliams Posted June 1, 2020 Share Posted June 1, 2020 10 hours ago, j_cuevas713 said: And I can’t wait for the new W hotel Is that deal still moving forward despite the COVID-19? I know they had approved things before everything went south, but I haven't head anything since then. 3 Quote Link to comment Share on other sites More sharing options...
Triton Posted June 1, 2020 Share Posted June 1, 2020 14 minutes ago, CaptainJilliams said: Is that deal still moving forward despite the COVID-19? I know they had approved things before everything went south, but I haven't head anything since then. No way W Hotel is moving forward until the hotel sector recovers. Most of these companies have had to do mass layoffs due to the current environment so trying to fund a new project doesn't make any sense right now. Now, it is recovering but based on the current charts, it may not reach previous levels (to the previous Great Recession) until later this year, which is still not the greatest number to be at: 1 1 Quote Link to comment Share on other sites More sharing options...
LBC2HTX Posted June 1, 2020 Share Posted June 1, 2020 It's at least a 1.5 year build-out. And if the franchisee of the W already obtained financing then you might as well start now, especially since the city likely attached a time-frame to the tax incentives. 5 Quote Link to comment Share on other sites More sharing options...
shasta Posted June 1, 2020 Share Posted June 1, 2020 30 minutes ago, LBC2HTX said: It's at least a 1.5 year build-out. And if the franchisee of the W already obtained financing then you might as well start now, especially since the city likely attached a time-frame to the tax incentives. Plus very low interest rates that make the project MORE feasible! 6 Quote Link to comment Share on other sites More sharing options...
Triton Posted June 2, 2020 Share Posted June 2, 2020 Moved discussion of W Hotel to here. 2 Quote Link to comment Share on other sites More sharing options...
mattyt36 Posted June 2, 2020 Share Posted June 2, 2020 (edited) 20 hours ago, shasta said: Plus very low interest rates that make the project MORE feasible! Highly doubtful interest rates for a hotel development (whose business is predicated on conventions, no less) at this point are lower than what they were at the beginning of the year due to widening of credit spreads. It's a common misconception that just because the Fed Funds rate is low doesn't mean it translates 1-for-1 to borrowers, or that borrowers can get credit in the first place. Edited June 2, 2020 by mattyt36 3 Quote Link to comment Share on other sites More sharing options...
Popular Post Houston19514 Posted November 10, 2020 Popular Post Share Posted November 10, 2020 From the minuted of Houston First Corp Board of Directors October 1 meeting: "Al Kashani of Texas Hospitality Partners, L.P. addressed the Board to provide an update on the W Hotel development. Mr. Kashani stated that, despite the challenges with COVID-19 and the financial markets, he and his team are working hard to move forward and have made progress on the design and development of the hotel." "Mr. Kashani stated that the W Hotel is three years away from opening and construction will take between 18 to 24 months. He does not anticipate ground breaking and/or air breaking . . . until approximately 8 to 12 months." 24 Quote Link to comment Share on other sites More sharing options...
Popular Post HOUCAJUN Posted November 10, 2020 Popular Post Share Posted November 10, 2020 2 hours ago, Houston19514 said: From the minuted of Houston First Corp Board of Directors October 1 meeting: "Al Kashani of Texas Hospitality Partners, L.P. addressed the Board to provide an update on the W Hotel development. Mr. Kashani stated that, despite the challenges with COVID-19 and the financial markets, he and his team are working hard to move forward and have made progress on the design and development of the hotel." "Mr. Kashani stated that the W Hotel is three years away from opening and construction will take between 18 to 24 months. He does not anticipate ground breaking and/or air breaking . . . until approximately 8 to 12 months." Considering the circumstances we're in I'll take it! 11 Quote Link to comment Share on other sites More sharing options...
Popular Post Amlaham Posted March 25, 2022 Popular Post Share Posted March 25, 2022 https://www.bisnow.com/houston/news/construction-development/houston-needs-skilled-construction-workers-so-badly-one-developer-is-building-its-own-trade-school-112368 This article suggests the W Hotel will start construction later this year 🥳, who knows how accurate that is but its some kind of update! 15 Quote Link to comment Share on other sites More sharing options...
Luminare Posted March 25, 2022 Share Posted March 25, 2022 1 hour ago, Amlaham said: https://www.bisnow.com/houston/news/construction-development/houston-needs-skilled-construction-workers-so-badly-one-developer-is-building-its-own-trade-school-112368 This article suggests the W Hotel will start construction later this year 🥳, who knows how accurate that is but its some kind of update! It really depends on the company, location, portfolio, and access to labor and resources. Some are doing better than others, but what is being said in this statement is very real. Some are probably willing to kick off projects soon because they are tired of waiting, and have to many pending projects on their portfolios and need to satisfy investors or they will lose money, and at the same time their is a real possibility that we might fall into a full blown recession in the next 6-8 months, so time is ticking for many. Project budgets in bid are going through the roof right now because of shortage of labor, lead times on materials, and material shortages. The only reason why construction is still do pretty well is because of the backlog of projects that would have started in 2020 and 2021 now being activated. Of course I don't know everything that is going on, especially in Houston, but this is from my own observations over time. If anyone else has further knowledge or corrections please feel free to comment. In general people should be happy any projects get built right now period. I don't ever like to sound bleak, as its certainly not my default or my reputation both in life or on this forum, but the economic situation is very real. 3 1 Quote Link to comment Share on other sites More sharing options...
Lux Posted January 20, 2023 Share Posted January 20, 2023 (edited) Has anyone heard any updates regarding the downtown W Hotel development? I haven’t seen a thing from Horizon and HoustonFirst since the spring 2022 BisNOW article. Edited January 20, 2023 by Lux 2 Quote Link to comment Share on other sites More sharing options...
HOUCAJUN Posted January 21, 2023 Share Posted January 21, 2023 3 hours ago, Lux said: Has anyone heard any updates regarding the downtown W Hotel development? I haven’t seen a thing from Horizon and HoustonFirst since the spring 2022 BisNOW article. This hotel thing going on in Houston has to be the most frustrating topic for me on this site. No updates. No news. No hope. Nothing should take this long. As you can see, I'm very impatient with this. Quote Link to comment Share on other sites More sharing options...
mattyt36 Posted January 21, 2023 Share Posted January 21, 2023 Downtown Houston hotel occupancy is a little more than 50%. There are a couple active hotel developments as it is. RevPAR isn’t anything to write home about. Not sure where the frustration comes from. The project is not proceeding now for very obvious reasons. You don’t issue a monthly press release that says “Now is not the time, but we’ll keep you posted.” 3 Quote Link to comment Share on other sites More sharing options...
Triton Posted January 25, 2023 Share Posted January 25, 2023 9 hours ago, Andrew Ewert said: What... is happening in this topic Things you don't expect to read in an architecture forum for 400, please. Let's stop the personal discussion here for now. There's no news on this development. 7 2 Quote Link to comment Share on other sites More sharing options...
Luminare Posted January 25, 2023 Share Posted January 25, 2023 Remember when this project was the one we were all hoping would go up years ago, and now we have all nearly forgot about it? When I noticed this thread again, I was like...oh yeah that one, cool. If you don't mind I'm going to go look at the BIG project some more, bye. 3 2 Quote Link to comment Share on other sites More sharing options...
Montrose1100 Posted January 26, 2023 Share Posted January 26, 2023 17 hours ago, Luminare said: Remember when this project was the one we were all hoping would go up years ago, and now we have all nearly forgot about it? When I noticed this thread again, I was like...oh yeah that one, cool. If you don't mind I'm going to go look at the BIG project some more, bye. It's been so many years that W Hotels don't even have the same hype anymore. Plus the renderings were a boring glass box, of which our skyline desperately needs. 6 Quote Link to comment Share on other sites More sharing options...
mattyt36 Posted January 26, 2023 Share Posted January 26, 2023 32 minutes ago, Montrose1100 said: It's been so many years that W Hotels don't even have the same hype anymore. Plus the renderings were a boring glass box, of which our skyline desperately needs. I feel like W Hotels were overrated from Day 1. As far as I'm concerned, getting a W here would just send the message we are 10 years behind. I may be wrong, maybe there is a refreshed W concept that would be better, but the original one, just plasticky kitsch. 7 Quote Link to comment Share on other sites More sharing options...
Naviguessor Posted January 26, 2023 Share Posted January 26, 2023 you're not wrong 1 Quote Link to comment Share on other sites More sharing options...
gene Posted January 26, 2023 Share Posted January 26, 2023 (edited) Maybe a Virgin Hotel would be cool? https://virginhotels.com/dallas/ or Maybe an Edition Hotel by Marriott? I love the one in NYC/Times Square! https://www.marriott.com/en-us/hotels/nycte-the-times-square-edition/photos/ Edited January 26, 2023 by gene 9 Quote Link to comment Share on other sites More sharing options...
Popular Post Caribomoa Posted March 25, 2023 Popular Post Share Posted March 25, 2023 I saw on Construction Journal that the W Hotel expects to break ground this coming June. Anyone have any info on this? I figured it was a matter of time for this leading into the 2026 World Cup. https://www.constructionjournal.com/projects/details/d462eda1bba046efa4b70f91e376b3d6.html 10 3 Quote Link to comment Share on other sites More sharing options...
monarch Posted March 25, 2023 Share Posted March 25, 2023 7 minutes ago, Caribomoa said: I saw on Construction Journal that the W Hotel expects to break ground this coming June. Anyone have any info on this? I figured it was a matter of time for this leading into the 2026 World Cup. https://www.constructionjournal.com/projects/details/d462eda1bba046efa4b70f91e376b3d6.html ^^^ possibly positioning for the WORLD CUP HOUSTON... 2 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted March 25, 2023 Share Posted March 25, 2023 (edited) 2 hours ago, Caribomoa said: I saw on Construction Journal that the W Hotel expects to break ground this coming June. Anyone have any info on this? I figured it was a matter of time for this leading into the 2026 World Cup. https://www.constructionjournal.com/projects/details/d462eda1bba046efa4b70f91e376b3d6.html Interesting, but note that it was posted on Construction Journal in September 2022, and also says: "As of September 12, 2022, a firm construction timeline has not been determined." I don't think this has come up in any Houston First meetings or City Council meetings, so a June 2023 seems pretty unlikely. Edited March 25, 2023 by Houston19514 1 4 Quote Link to comment Share on other sites More sharing options...
Caribomoa Posted April 10, 2023 Share Posted April 10, 2023 On 3/25/2023 at 10:51 AM, Caribomoa said: I saw on Construction Journal that the W Hotel expects to break ground this coming June. Anyone have any info on this? I figured it was a matter of time for this leading into the 2026 World Cup. https://www.constructionjournal.com/projects/details/d462eda1bba046efa4b70f91e376b3d6.html Just realized that this update came out just a couple of months after the World Cup roster was unveiled. Personally, I don’t think this was a coincidence. 3 Quote Link to comment Share on other sites More sharing options...
thatguysly Posted April 10, 2023 Share Posted April 10, 2023 Agreed. I sort of expected another tax break for downtown like the build up to the last Super Bowl to help drive high end development. Quote Link to comment Share on other sites More sharing options...
bookey23 Posted April 10, 2023 Share Posted April 10, 2023 Not sure if this is a new development, but I found this page while searching for information on the W Hotel: W Hotel - Partnership Tower (kirksey.com) Looks to be the same rendering as what we've seen in the past, though. 3 Quote Link to comment Share on other sites More sharing options...
por favor gracias Posted April 10, 2023 Share Posted April 10, 2023 2 hours ago, thatguysly said: Agreed. I sort of expected another tax break for downtown like the build up to the last Super Bowl to help drive high end development. Wouldn't be a bad idea IMO. Look at all the development (and subsequent tax revenue) that took place since that initiative was implemented. 2 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted May 24, 2023 Popular Post Share Posted May 24, 2023 DISCLAIMER: Not related to the W Hotel project (sorry, I know that's what y'all really want). SB 1057- giving Houston a similar hotel occupancy tax system to Dallas and Fort Worth (who both receive a larger share of HOT than Houston) to allow for funding convention center and venue renovation, upgrades, and construction- has passed the Texas Legislature as of today. It has not yet been sent to Governor Abbott but I believe the necessary actions to get there are just formalities (assuming the small amendment on the Texas House floor to make the language slightly more ambiguous does not cause any issues with the Texas Senate). https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB1057 12 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Caribomoa Posted June 16, 2023 Popular Post Share Posted June 16, 2023 I noticed this update on Kirksey in May https://www.kirksey.com/portfolio/projects/w-hotel-partnership-tower 6 3 1 Quote Link to comment Share on other sites More sharing options...
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