Woodbine Development Corporation and InterMountain Management have announced the purchase of a 3.25-acre site in the Springwoods Village community in Spring for a future Residence Inn.
The 128-room extended-stay hotel is scheduled to open in the summer of 2015 and is in the design phase, according to a news release. It will be the first of three select-service hotels Woodbine will develop for the community, which is anchored by the Exxon Mobil campus. Woodbine will also develop a full-service hotel for Springwoods Village's Town Center.
The Residence Inn is the third project developed by Woodbine and IMM since the companies began working together in 2012.
"Since teaming with IMM two years ago, we've discovered incredible synergies for the projects we've taken on together," said King Scovell, Woodbine's vice president of development. "We're glad to be involved in Springwoods Village's evolution into a vibrant, mixed-use hub, where these hotels will play an important role in the community."
