More hotels, including $37M Residence Inn, to be built around Pearl

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Graystreet Partners News

The popularity of Pearl and the Museum Reach section of the River Walk have sparked a flurry of development in the area.

More hotels are in the works around Pearl as part of a wave of development sparked by the Museum Reach improvements and transformation of the former brewery into an upscale mix of apartments, restaurants, stores and Hotel Emma, one of the priciest hotels in Texas that has been a primary lodging option in the area since opening in 2015.

Pearl is about to get bigger — a lot bigger. Here’s what you need to know. GrayStreet pitched a tower with a W Hotel and offices along Broadway near U.S. 281 in 2018, but managing partner Kevin Covey has said difficulties securing financing have held up progress on the project. On an assortment of lots near the future Residence Inn, GrayStreet is partnering with local firm Fulcrum Development to build a mixed-use development called Broadway East that could include a hotel. The nearly 1.

 

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