Dallas-based HALL Structured Finance (HSF) arranged a first lien construction loan totaling $15.3 million to finance the development of a Hampton Inn & Suites in nearby Shenandoah. K & K Hotel Group is developing and managing the hotel, slated to open in late 2023. The 106-room, five-story hotel will be located one mile north of The Woodlands Town Center.
HSF’s Matt Mitchell thinks he’s found the right spot, “We believe the hotel’s prime location along Interstate 45 and the popularity of Hilton’s Hampton Inn brand coupled with the area’s robust business climate and population growth will make it a great addition for the growing number of business and leisure travelers to the area.”
The hotel will feature a 1,000 square foot meeting space, a fitness center, pool and a dining area with full bar.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.