Houston's convention center hotel gets final go-ahead

The Houston Business Journal reports that the necessary agreements have been finalized on the city's second convention center hotel, which will be next to the George R. Brown Convention Center, and work will soon commence.

Houston-based Morris Architects unveiled renderings of the $335-million, 1,000-room Marriott Marquis late last year. Houston will be the sixth city in the U.S. with a Marriott Marquis.

The city of Houston, Houston First Corp. and Houston-based Rida Development Corp., the hotel’s developer, said the development agreement between Houston First and Rida has been finalized.

Houston First’s financing — which will fund the acquisition of the hotel site, construction of an adjacent parking garage and other improvements to the convention district — is also complete, and Houston First has been authorized to transfer the hotel site's land to Rida.

The project will create more than 1,800 construction jobs and add 800 permanent jobs, according to Houston First’s Tuesday statement.

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