{"id":1004489734,"date":"2020-11-04T03:01:51","date_gmt":"2020-11-04T11:01:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004489734"},"modified":"2020-11-04T03:01:51","modified_gmt":"2020-11-04T11:01:51","slug":"construction-launches-on-houston-hyatt-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/construction-launches-on-houston-hyatt-hotel\/","title":{"rendered":"Construction Launches on Houston Hyatt Hotel"},"content":{"rendered":"<div id=\"attachment_1004489740\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Hyatt-Texas-Medical-Center-Rendering-Day-e1604470374743.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004489740\" data-attachment-id=\"1004489740\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/construction-launches-on-houston-hyatt-hotel\/hyatt-texas-medical-center-rendering-day\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Hyatt-Texas-Medical-Center-Rendering-Day-e1604470374743.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hyatt Texas Medical Center Rendering Day\" data-image-description=\"&lt;p&gt;Rendering of Hyatt Texas Medical Center. Image courtesy of Satya&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of Hyatt Texas Medical Center. Image courtesy of Satya&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Hyatt-Texas-Medical-Center-Rendering-Day-e1604470374743.jpg?w=800\" class=\"wp-image-1004489740 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/Hyatt-Texas-Medical-Center-Rendering-Day-e1604470364214.jpg\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004489740\" class=\"wp-caption-text\">Rendering of Hyatt Texas Medical Center. <em>Image courtesy of Satya<\/em><\/p><\/div>\n<p>Developer Satya has broken ground on a 350,000-square-foot Hyatt hotel in Houston\u2019s Texas Medical Center, marking the first project for the hospitality brand in the world\u2019s largest medical complex.<\/p>\n<p>The 14-story dual-branded property, located in a Qualified Opportunity Zone at the corner of Old Spanish Trail and Fannin Street, will house a 159-key Hyatt Place and a 139-key Hyatt House. Once completed, the project will mark the first dual-branded Hyatt property in Houston to be housed in one contiguous tower.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/when-will-convention-and-group-travel-demand-return\/\">When Will Convention and Group Travel Demand Return<\/a><\/p>\n<hr>\n<p>The hotel is rising within the sprawling Texas Medical Center, a 2.1-square-mile neighborhood with more than 60 medical institutions, about 7 miles south of downtown. Houston-based real estate consulting firm Satya is the owner and developer behind the property, which is slated to be completed in 2022.<\/p>\n<p>Within the new project, guestrooms will offer in-room kitchens and living rooms, a 24-hour hotel dining area, a full-service restaurant and lobby caf\u00e9, two bars and a parking garage with more than 300 spaces. A seventh-floor amenity deck will offer 3,500 square feet of meeting space, an outdoor swimming pool, a fitness center and a guest laundry room.<\/p>\n<p>Satya CEO Sunny Bathija said in prepared remarks that his firm looked forward to opening a \u201cmuch-needed\u201d extended-stay option for travelers from around the world. The Texas Medical Center has 10 million patient encounters annually and is the eighth-largest business district in the U.S., according to TMC.<\/p>\n<p>Along with owner and developer Satya, the project team includes architect G2, project consultants HarDam Hotels and The Mathis Group, contractor E.E. Reed Construction and IBC Bank, which provided financing.<\/p>\n<p>The milestone comes amid a turbulent time for the hospitality sector. A recent industry survey found that developers <a href=\"https:\/\/www.commercialsearch.com\/news\/hotel-development-pipeline-to-slow-hvs\/\">were cautious to take on new projects<\/a> due to the impact of the COVID-19 pandemic on hotels. According to the U.S. Hotel Development Cost Survey 2020, the pandemic-related challenges to the industry have come after a record year for U.S. hotel development in 2019, when the industry had the highest occupancy and ADR ever recorded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project marks the first property for the hospitality brand at the Texas Medical Center, the largest complex of its kind in the world.<\/p>\n","protected":false},"author":745,"featured_media":1004489740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21751,1589,21742],"tags":[33185,38169],"class_list":["post-1004489734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-hotel","category-houston","category-latest","tag-hyatt","tag-texas-medical-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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