Several previous posts on this blog have talked about the wonderful opportunities residents of the Dallas area have in the red-hot real estate market. One additional opportunity of late that has taken off throughout the state of Texas is in hotel construction.
Along with Dallas, two other Texas cities rank in the top five locations to open a new hotel. This building boom marks the first of its kind in about a decade, and it is largely riding on the currents of a growing population and the increasing attraction the Texas market holds to corporations looking for headquarters. Moreover, Texas laws create a favorable climate for real estate development, and there is still land to be had within the major metropolitan areas.