Northeast Holdings Takes First Step for Upscale Hotel Project

HOUSTON-Is there a new Shamrock Hotel in Houston’s future? That’s what Tom Brady of Northeast Holdings Inc. had immediately envisioned when he suddenly stumbled on an opportunity and snatched up a 90,000-sf block-and-a-half plot one block north of Enron Field for $5 million.

Even if the legendary name is unavailable, Brady figures his newly acquired tract is the perfect spot for an upscale, high-rise hotel. The seller is GHX Holdings, an oil field manufacturing company, which has been using some of the buildings on the site bordered by Commerce, Franklin, Chenevert and US 59.

“It was ‘a whirlwind deal,’” Brady tells GlobeSt.com. “It had been on the market for a while. Then the deal fell through and I jumped on it. I spent six weeks jumping through hoops to close the deal.” Now Brady is seeking a development partner and a hotel operator to help him bring the vision to reality.