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    Houston's VIP Hotel

    Houston's most important hotel? This swank property overcame big doubts to change the city

    Shelby Hodge
    shelby hodge
    Dec 21, 2013 | 2:32 pm

    It's a resounding success story that naysayers cried would never materialize — the city's investment in the Hilton Americas-Houston.

    Case in point, the convention hotel, which this month marks its 10th anniversary, has pumped more than $27 million in hotel occupancy taxes into city coffers. The hotel has consistently paid off its share of the bonds issued by the city to finance its construction and, according to Houston First Corp., has returned an extra $23 million to the city. Along with that, there's been a whole lot of fun taking place in the 1,200-room hotel.

    Since the doors opened on the Hilton Americas-Houston in December 2003, the swank downtown property has been the location for nearly 6,000 catered events including 500 charitable fundraisers that have garnered millions for the city's non-profits. The Crohn's and Colitis Foundation Winter Ball has been one of the annual spectaculars taking over the 40,000 square foot ballroom as has the Memorial Hermann Foundation black-tie gala, which each year raises millions of dollars.

    T he biggest news for Houstonians is that construction is underway for a Pappasito's Cantina in the space formerly occupied by Spencer's Steaks and Chops

    At last year's Helping a Hero dinner, former President George W. Bush was honored on the evening that drew a crowd of 2,300 to the ballroom and raised a whopping $3 million.

    As the hotel moves into its second decade, it is interesting to reflect on that first 10 years that began when former Houston mayors Lee Brown and Bob Lanier oversaw opening ceremonies. The property has since been the host hotel for the Super Bowl as well as the Major League Baseball and NBA All-Star Games. Microsoft, the American Wind Energy Association, Meeting Professionals Inc. and the like have chosen it as convention headquarters.

    The hotel has played host to numerous celebrities including Bill Cosby, Steve Martin, Ashley Judd, Patti LaBelle, James Earl Jones, Carrie Fisher, Frankie Valli, Gloria Gaynor and Al Jarreau. And it has been the location of choice for several million-dollar weddings for Indian and Pakistani Houston residents.

    Construction of the Hilton allowed for expansion of the George R. Brown Convention Center and thus generated the need for another convention hotel — the Marriott Marquis with construction expected to begin in April 2015.

    But perhaps the biggest news for Houstonians is that construction is underway for a Pappasito's Cantina in the space formerly occupied by Spencer's Steaks and Chops in the hotel. Scheduled to open in April, the new eatery will feature an indoor-outdoor bar and patio seating overlooking Crawford Street on the building’s west side.

    In a prepared statement, Houston First president CEO Dawn Ullrich noted, “The Hilton’s appeal is the same as it was in 2003 — world-class quality and an irreplaceable location next to the convention center in a city with one of the strongest economies in the nation. This hotel has proven itself as a strong performer and earned its outstanding reputation since the day the doors opened.”

    The Hilton Americas-Houston reaches a milestone 10th anniversary this month and has plenty of history to show for it.

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    housing affordability news

    This is how much Houston home prices have fallen since 2024

    Amber Heckler
    Jan 16, 2026 | 4:30 pm
    16403 Sheffield Run Drive, Houston home for sale
    Estately.com/
    This home at 16403 Sheffield Run Dr. in Houston's Berkshire Oaks neighborhood is on the market for $309,900.

    A new real estate analysis has revealed housing prices across the Southern United States have seen a major large-scale decline from 2024-2025, with Houston homebuyers experiencing the 11th-steepest "price correction" in the region.

    Houston-area buyers have a better chance of purchasing an affordable home this year after prices cooled 1.5 percent from 2024-2025, the study found.

    Online real estate marketplace Zoocasa compared year-over-year median price changes for single-family homes across 20 cities in the South based on local real estate data. The study also looked at housing affordability in the American West, Midwest, and Northeast.

    In Zoocasa's ranking of the Southern cities where affordability is improving the most, Houston ranked No. 11.

    In 2024, the median price for a single-family home in Houston was nearly $340,000, which has since dropped to $335,000 in 2025. Local sellers may not be happy about cooling prices, but it does make housing more attainable for first-time homebuyers.

    Better housing prices will surely attract even more new residents to the area, especially since Houston was the second-hottest destination for movers in 2025, and its suburbs are still booming in popularity.

    "Affordability is on the rise across Texas, with major cities seeing significant price corrections," the report said. "Most importantly for buyers, the median home price in each of these cities remains more affordable than the national median."

    The national median price of a home in the third quarter of 2025 was $426,800, according to the latest information from the National Association of Realtors (NAR).

    Housing affordability elsewhere in Texas
    Dallas was the No. 2 Southern city where housing is becoming more affordable. Dallas-Fort Worth's housing prices fell 5.71 percent from 2024-2025. The median price of a single-family home in North Texas fell from $397,700 to $375,000 during the one-year span.

    In Beaumont-Port Arthur (a metro area east of Houston), housing prices have fallen 4.62 percent year-over-year, making it the metro with the No. 5 steepest price correction in the South. Median home prices dropped to $217,000 in 2025, or $10,500 lower than the year before, the report found.

    Austin's housing prices fell 2.04 percent during the same time span, landing the Capital City in the No. 9 spot. The median price of a single-family home in Austin fell from $437,925 in 2024 to $429,000 last year.

    Surprisingly, San Antonio ranked near the bottom of the list with housing prices increasing by five percent year-over-year. Single-family homes in the Alamo City had a median price just under $300,000 in 2024, which spiked to $315,000 in 2025.

    Housing market predictions in 2026
    Zoocasa predicts the 2026 U.S. housing market is "poised for a steady revival" since mortgage rates have dipped nearly a full percentage point since this time last year. Current interest rates for a a 30-year mortgage are sitting at 6.16 percent, the study said.

    The NAR report additionally found that pending home sales have grown by 2.6 percent year-over-year from 2024.

    "Homebuyer momentum is building," said NAR Chief Economist Lawrence Yun. "The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023."

    The top 10 Southern cities where housing affordability is improving the most in 2026 are:

    • No. 1 – Naples-Immokalee-Marco Island, Florida
    • No. 2 – Dallas, Texas
    • No. 3 – Durham, North Carolina
    • No. 4 – Ocala, Florida
    • No. 5 – Beaumont-Port Arthur, Texas
    • No. 6 – Cape Coral-Fort Myers, Florida
    • No. 7 – Jacksonville, Florida
    • No. 8 – Atlanta, Georgia
    • No. 9 – Austin, Texas
    • No. 10 – Raleigh, North Carolina
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