Hospitality Management Corp. Inks Deal for Microtel in Midland, TX
Tuesday December 3rd, 2013 - 8:42AM O
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MIDLAND, TX—Hospitality Management Corporation (HMC) has signed a property management agreement for a new build Microtel Inn & Suites by Wyndham here.
The Microtel Inn & Suites by Wyndham will have a total of 83 guest rooms and is to be completed by early April 2014. The hotel will be located on Interstate Highway 20 here, the geographic center of the Cline Oil and Gas shale area of the Permian Basin.
"HMC is keenly focused on growth in both the Eagle Ford and Cline Texas Oil and Gas shale areas inclusive of new hotel development. In the past several months we have added 8 hotels located in these dynamic markets to HMC's growing portfolio with several more in our pipeline," said Leo Spriggs, president/CEO, HMC.
Tags: Hospitality Management Corporation • Microtel Inn & Suite • Hospitality • Management Companies •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.