The city of Houston is looking to build a $2.5 billion hotel on the edge of downtown, a project that will create about 250 permanent jobs, including about 30 in the hotel industry.
The city is expected to open the project by early 2019, and expects to open a hotel in 2024, according to the city’s Office of Economic Development.
The project would be built on an existing property near the existing site of the existing Hilton Houston.
In 2016, the city of Dallas, Texas, completed a similar project for the same area.
The Hilton Houston property was developed in the late 1980s and 1990s and was designed by the firm of Diller Scofidio + Renfro.
The developer had originally hoped to build the hotel on a piece of land in the Houston neighborhood of Midtown called the Old Town District, but it was later sold to the Houston-based Hilton, which then turned it into the Marriott Marquis Houston, the hotel’s official title.
The hotel would have room for at least 20,000 people.
The hotel is expected cost $3,500 per night, with a minimum occupancy rate of 20 percent.
A Houston city council member, James K. Brubaker, told the Associated Press that the hotel would create a “big impact” in the city.
“Houston is looking at it as a very large development area,” Brubakers office director Daniel Brown told the AP.
“We’re going to have a big impact on downtown, on the Houston skyline, and on our economic growth, so we need to do everything we can to capitalize on that,” Brubs spokesman Tom Smith told the Houston Chronicle.
In a statement, the Hilton Houston said that the company is “deeply appreciative of the city and the many years of work that has gone into the hotel project and are excited to help bring it to life.”
The project is expected be completed by the end of 2019.
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