Woodlands Mall Site for Two New High-Rise Hotels
A $100 million expansion of The Woodlands Mall is expected to get up and going by 2025. The expansion includes two new hotels with 30,000 square feet of conferencing space, 80,000 square feet of retail space and a parking garage with up to 1,200 stalls.
The larger of the two hotels will be 16 stories tall and will hold 275 rooms as well as 30,000 square feet of conferencing space. The second hotel will consist of 200 rooms spanning across 14 stories. Mall operator Brookfield Properties are looking for an upscale hotel product and will begin reaching out to brands early this year.
There will be a 1 percent economic development zone sales tax and a 1 percent hotel occupancy tax collected within the boundaries of the new project. The expansion is projected to generate $276 million in additional local sales and hotel taxes, with $78 million awarded to the Woodlands Mall developer and $198 million going to the Township.