The FINANCIAL — InterContinental Hotels Group (IHG) on July 11 announces the development of a new InterContinental Hotels & Resorts property in Houston by Medistar Corporation.
Set to open in late 2018, the 353-room hotel will be adjacent to the Texas Medical Center, the world’s largest medical complex with 50 million square feet of buildings on 1,345 acres, and comprising 21 hospitals which accommodate eight million patient visits annually, according to IHG.
Joel Eisemann, Chief Development Officer, The Americas, IHG said: “We are very enthused about working with our partners at Medistar Corporation to bring the InterContinental Hotels & Resorts brand to Houston and the Texas Medical Center, which serves patients and visitors from all around the world. We appreciate Monzer Hourani’s vision for and commitment to this outstanding project.”
The InterContinental Houston Medical Center will be owned by Medistar and managed by IHG. Medistar, one of the leading real estate development companies in the country, specializes in the design, development, financing, acquisition and construction of healthcare, commercial, hospitality and mixed-use projects nationwide.
The hotel is the first full-service luxury hotel to be developed in the immediate area in several decades and will provide modern accommodations, amenities and guest services for domestic and international travelers. At 21 stories tall, the new property will feature a signature InterContinental Club Lounge, 37 suites, restaurant and bar, outdoor pool and fitness center. The hotel will feature 11,800 square feet of meeting space, including seven meeting and board rooms and a 7,800-square foot grand ballroom.
Located next to the world-renowned Texas Medical Center, guests will enjoy easy, walkable access to the medical complex’s 21 renowned hospitals, 14 support organizations, 10 academic institutions, eight academic and research institutions, seven nursing programs, three public health organizations, three medical schools, two pharmacy schools, and a dental school.
Monzer Hourani, Founder and CEO, Medistar Corporation, said: “The InterContinental Houston Medical Center will meet a critical need for guests visiting and doing business with the world-renowned Texas Medical Center and its member institutions. We are proud to partner with IHG to bring this project to life.”
This year marks the 70th anniversary of the InterContinental Hotels & Resorts brand, which is now twice the size of any competing luxury hotel brand globally. In January 2016, the landmark InterContinental London – The O2 hotel opened, and the InterContinental New York Barclay hotel recently reopened following an extensive renovation. There are three InterContinental properties currently under development in the U.S., in downtown Los Angeles, in the North Embarcadero area of downtown San Diego, and on the southwest waterfront in Washington, D.C. With more than 180 hotels open worldwide and more than 50 in the global development pipeline, IHG continues to expand the brand’s portfolio in the most sought-after destinations around the world.