WOODBINE, IMM BUY LAND FOR NEW 128-ROOM HOTEL IN SPRING

SPRING, TEXAS — Woodbine Development Corp. and InterMountain Management (IMM) have purchased more than three acres in the Houston suburb of Spring for the construction of a new 128-room Residence Inn. The extended-stay, select-service hotel will be within the Springwoods Village mixed-use community, an 1,800-acre, $10 billion development designed for sustainability. The property, set to open in the summer of 2015, will be located in proximity to I-45, as well as the future ExxonMobil campus in The Woodlands and the headquarters of Southwestern Energy. Other members of the Residence Inn project team include GH2 Hospitality Architects, Walter P. Moore Engineers and Precision Engineering, all based in Tulsa, Okla.; and DCI Engineers, which is based in Austin.