|
The Woodlands Township could support another two hotels, including an "upper-upscale" luxury hotel, to keep more hotel and convention business in the township borders, according to a report presented at the Jan. 22 board of directors meeting.
The details: According to the report, The Woodlands lost $175 million in potential business leads for hotel room nights for 2021-30, mostly in 2023-25. Those potential losses—a total of 651 leads—were attributed to a range of factors, such as business lost to other cities or due to the hotel and meeting space not being the right fit for layout or size.
The context: This is not the first time in recent years that the township has discussed bringing two new hotels into its limits.
In early 2023, The Woodlands Mall managers, Brookfield Properties, outlined a proposal for a mall expansion that would bring two new hotels, as well as retail and restaurant space, to the southwest corner of the mall. However, despite economic development incentives, that plan has not advanced beyond the discussion stage, officials said.
|