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April 21, 2022

Houston Occupancy Lags Behind Rest Of Country, But Hotel Operators Are Bullish On Summer Convention Season

Hear About The 521-acre Master-Planned Community On The 290 Corridor May 5

Business travel nationwide remains unlikely to bring in 2019-level revenues this year. But hotel leaders in office-dense Houston are optimistic about their prospects ahead of a summer they believe will be rife with conventions, business travel and tourism.

"I think we're going to have a gangbuster summer," said Jamal Mazhar, director of sales and marketing at CityCentre hotel The Moran, said. "We think corporate [travel] is going to hold through the summer because there's a lot of pent-up demand for meetings, events and groups."

A few questions and things to check. It should not take long at all.

Houston Occupancy Lags Behind Rest Of Country, But Hotel Operators Are Bullish On Summer Convention Season

Amid strong spring break tourism and upcoming conventions that are set to draw tens of thousands to Houston, hotel leaders told Bisnow occupancy numbers are beginning to creep back to pre-pandemic levels, though the city has a higher mountain to climb than other metros. Cindy Decker, vice…

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1.6M SF Entertainment Development Coming To Southeast Houston Town

Houston developer Medistar will build a 1.6M SF entertainment and retail development in Webster.

1.6M SF Entertainment Development Coming To Southeast Houston Town

The project, known as FlyWay Webster, will encompass 120 acres and is set to break ground later this year, after beginning infrastructure construction over the last year, according to the Houston Business Journal. The company is looking at a 2024 completion, though pandemic-related supply chain issues have delayed the project by as…

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Multifamily Owners Aren’t Putting Enough Juice Into EV Infrastructure

Multifamily Owners Aren’t Putting Enough Juice Into EV Infrastructure  

When Ford, General Motors, Mercedes-Benz and other auto manufacturers last year pledged to phase out sales of gas and diesel vehicles worldwide by 2040, the most immediate impact on commercial real estate came in the form of multibillion-dollar plans to build domestic factories and battery plants.

But there is more for commercial real estate to facilitate and capitalize on, and it starts at home.

Friday marks one Earth Day closer to the 2040 goal and projections that about half of all cars on the road will be electric in 2050. As adoption becomes more common — 1.8 million electric vehicles were registered in the U.S. in 2020, three times the number of EVs in 2016 — more people need more access to charging, and multifamily developers and owners have fallen behind the rate of adoption.

“The way we characterize the problem is going to evolve over the next couple of years as EVs become more and more widespread,” said Don MacKenzie, an associate professor of civil and environmental engineering who leads the University of Washington’s…

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