The Hilton Americas is right next to the George R Brown Convention Center. It’s 24 stories tall, with 1,203 rooms. It’s Houston’s largest hotel. And Houston Mayor Bill White says he thinks the hotel could be sold at a significant profit.
“If there’s an opportunity today to get some of the public money out and to reinvestment that money into other projects which will draw more tourism, more dollars, more visits, more jobs to our city, we want to do that.”
The city would need to recoup about $300,000,000 to cover the public investment. And White intimates the hotel is worth far more than that, although he would not discuss it’s resale value.
“There will be a reserve price. I will know the reserve price. The reserve price will be in my head. It will not be in anybody else’s head. I will not communicate that, I will not express it. If somebody says the reserve price is blank, they’re a liar.”
The mayor did say he won’t act unilaterally in the sale of the hotel. The Houston Convention Center Hotel Corporation will also have to agree to any deal that gets made.
Laurie Johnson. KUHF-Houston Public Radio News.