Texas

Crazy Water Hotel Exterior

Crazy Water Hotel

Foss & Company is proud to have recently closed on the Crazy Water Hotel, a 166,000 sf historic hotel located in Mineral Wells, TX. Originally constructed in 1927, the building will be rehabilitated into 55 market rate apartments, 21 Airbnb units, and 19,000 sf of retail, meeting and event space. PROJECT DETAILS LOCATION Mineral Wells, TX AMENETIES 55 market-rate apartments, 21 Airbnb units & 19,000 sf of commercial space

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Mercantile Commerce Building

Mercantile Commerce Building

The Mercantile Commerce Building is located at 1712 Commerce Street in Dallas and is part of the Foss Texas 2015 Fund. As part of the historic rehabilitation, the former office tower was converted into a 244 room Residence Inn and a 244 room AC Hotel by Marriot. Both hotels are owned and managed by NewcrestImage. The project includes 6,000 square feet of retail space on the ground floor and the hotel lobby and front desk are on the 22nd floor, overlooking the Dallas Skyline. The rehabilitation began in May 2015 and was completed in October 2017. Total development costs were $58,402,276. LOCATION Dallas, TX

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St. Anthony Hotel

St. Anthony Hotel

The St. Anthony Hotel is the featured project of the Foss Texas 2015 Fund and it was also one of the first project’s to receive a bridge loan from Foss Bridge Credit, LLC. The St. Anthony opened in 1909 and for many years it was the most prominent hotel in San Antonio (the business plan for Southwest Airlines was famously created in the hotel’s bar). After years of deferred maintenance, San Antonio based development firm BC Lynd Hospitality purchased the hotel in 2012 and began a $60 million renovation project to return the hotel to prominence. Construction was completed in May 2015 and the hotel now contains 277 hotel rooms, 30,000 square feet of ballroom space, a high end restaurant, and a rooftop pool. Established in late 2014, the Texas Historic Preservation Tax Credit Program went into effect on January 1, 2015. The St. Anthony Hotel represents the very first project to be issued Texas Historic Tax Credits by the State program. PROJECT DETAILS LOCATION San Antonio, TX

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