posted on August 05, 2011 23:28
The Avia boutique hotel in The Woodlands will change its name after a planned acquisition.
The 70-room hotel in Market Street The Woodlands is part of a portfolio of 24 hotels and related assets being sold by Kansas-based LodgeWorks LP
and its private equity partners to a subsidiary of Hyatt Hotels Corp. for approximately $802 million in cash, according to a report by SNL Financial.
Avia, the only Houston-area property in the portfolio, will become a Hyatt hotel once the transaction closes.
7/15/11, Houston Business Journal