New Convention Center Hotel Moving Forward

HOUSTON—Work is expected to begin soon on Houston’s second convention center hotel, which will be next to the George R. Brown Convention Center. City officials, financiers, and Houston-based Rida Development Corp., the hotel’s developer, said Tuesday the development agreement between the parties has been finalized.

Houston First’s Corp.’s financing is also complete, and Houston First has been authorized to transfer the hotel site’s land to Rida, according to the Houston Business Journal. Geotechincal work on the project is expected to begin within the next two weeks, and construction should begin next year. Completion is expected by spring 2016.