CityCentre: Midway Buys Hotel

In Houston, Midway Cos. has purchased the Four Points by Sheraton Hotel adjacent to its CityCentre multi-use development near the southeast corner of Beltway 8 and the Katy Freeway in west Houston.

The 171-room, 14-story full-service hotel, 10655 Katy Freeway, on the southeast corner of the Beltway 8 interchange.

Originally built in the early 1980s as the Sheraton Town & Country, the building is one of the last vestiges of the Town & Country Mall complex that was razed and redeveloped by Midway as City Centre. Valencia Group will manage the hotel.

The purchase of the Four Points follows an announcement in June 2013 that Midway had purchased the former Luby’s site at 825 Town & Country Way, situated alongside CityCentre northern gateway and just south of the Interstate 10 frontage road. That property will be redeveloped as CityCentre Five an eight-story office building with parking garage and 195,000 sf of office plus ground floor restaurant/retail space. Work start is estimated to begin in fall 2013.