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Texas  + Hospitality  | 

Gatehouse Capital Readies for $72M Hotel

Gatehouse Capital has finalized agreements with the city of Odessa, TX, to move forward on a 219-key Marriott hotel. The seven-story property, which will include a 67,500-square-foot conference center, will go north on Texas Street for approximately $72 million.

Construction is anticipated to begin in March, and will last for approximately 18 months. In addition to building the hotel and conference center, the developer will refurbish Odessa’s historic Ector Theater.

“We expect this project to create jobs and generate over twice its cost in direct and indirect benefit for the city, with solid economic returns for the private partners at Eofficial Enterprises,” said Marty Collins, CEO of Gatehouse Capital.

For comments, questions or concerns, please contact Amy Sorter

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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