Hotel developer Neway Hospitality plans to begin construction of a dual branded Holiday Inn Express and Staybridge Suites Hotels located at 1319 Texas Ave in downtown Houston, Texas. Lender Arriba Capital has provided a $52.5 million construction loan for the project that will feature a total of 275 guestrooms with traditional and extended-stay options. Shared amenities will include an outdoor pool, meeting and event space, a full-service bar, fitness center, business center and a dining area for complimentary breakfast. Completion is planned for late 2025. MSC Design is the project architect.  

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