Developer K&K Hotel Group is planning to build a new 106 guestrooms Hampton Inn & Suites in Shenandoah, Texas. The project will include: 1,000 sf of meeting space, a fitness center, lobby workstation, laundry room, dining area with a full bar and an outdoor pool. Hall Structured Finance has originated a new first lien construction loan totaling $15.3 million to finance the development of the Hampton Inn & Suites. The five story hotel will be located along Interstate-45 a mile north of the Woodlands Town Center. Construction is to start in the 4th quarter 2022 and completed in late 2023.
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