And Then There Were Two

And Then There Were Two

A well timed announcement for a 50+story hotel at Red River and Cesar Chavez has shifted the attention away from the Mariott Marquis seeking a waiver of $4MM in development fees.

The latest hotel announced by Manchester Texas Financial Group is receiving good reviews for its design, ambition, and potential for embracing the Waller Creek District Master Plan.

To be clear, there really isn’t a choice here.  Each project is pushing forward on their own merits.  But the timing begs the question “which building can break ground first?”.

Both would be significant additions to the skyline and economy.  Development fee waivers, if any, will likely go to the project that is most prepared and that can begin construction soonest.

That’s incentive!

Below is a rendering of the “Grand Hotel” at Waller Creek

grand hotel on waller creek