THIND HOTELS TO DEVELOP TWO NEW HOTELS IN THE WOODLANDS

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THE WOODLANDS, TEXAS — Thind Hotels LLC will develop two new hospitality properties on a 10-acre site in The Woodlands for approximately $25 million. The project includes a six-story, 152-room full-service Holiday Inn and a four-story, 120-room extended-stay Staybridge Suites. The Holiday Inn will feature a restaurant, swimming pool, spa and 5,500-square-foot ballroom. The Staybridge Suites will feature an outdoor fire pit, patio with covered trellis and indoor movie lounge. The Mathis Group Inc. is serving as project manager, and Arch-Con Construction is working as the general contractor. The project will break ground in May and is slated for completion in the summer of 2015.

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