gatehouse

September 18, 2016 Comments Off on Gatehouse Capital Readies for $72M Hotel Views: 164 Dallas-Fort Worth, Texas - Other, Texas News

Gatehouse Capital Readies for $72M Hotel

Gatehouse Capital has finalized agreements with the city of Odessa, TX, to move forward on a 219-key Marriott hotel. The seven-story property, which will include a 67,500-square-foot conference center, will go north on Texas Street for approximately $72 million.

Construction is anticipated to begin in March, and will last for approximately 18 months. In addition to building the hotel and conference center, the developer will refurbish Odessa’s historic Ector Theater.

“We expect this project to create jobs and generate over twice its cost in direct and indirect benefit for the city, with solid economic returns for the private partners at Eofficial Enterprises,” said Marty Collins, CEO of Gatehouse Capital.

Read More at Real Estate Business Online

Connect with Gatehouse Capital

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: ,

Comments are closed.