Prabhath Boya, Principal/Owner

Prabhath has overseen multiple large-scale rehabilitation and new construction real estate projects valued at over $350 Million. By working collaboratively with development partners as well as capital and financing partners, he has been able to find creative solutions for complicated developments resulting in award winning projects. These projects have provided him with vast experience with public private partnerships, local, state and federal tax credit financing, EB-5 financing and others. Prabhath received his BS from Georgetown University and his JD from the SMU Dedman School of Law. He lives in Houston with his wife and two sons.

RECENT PROJECT HISTORY

 Historic Medical Towers/Westin Houston Medical Center (2020)

www.historicmedicaltowers.com

 Summary

The redevelopment and revitalization of Houston’s historic 1954 Medical Towers building into the luxurious Westin Houston Medical Center and unique dining promenade that serves the Texas Medical Center (TMC) and surrounding community. The project came to fruition as a thoughtful collaboration between preservationists, architects, designers and hotelier.  The sensitive, repurposing of the building created a 273-room luxury hotel that includes 18,000 square feet of meeting space, 24,000 square feet of high-end street level dining and outdoor cafes, and a 400+ car garage. The total development costs exceeding $100 Million and with a combined market value over $180 Million. Project financing included a collection of regional banks, state and federal tax credits, C Pace financing and EB-5 Financing.

Awards

2021 GOOD BRICK AWARD - PRESERVATION HOUSTON - WINNER

2015 URBAN LAND INSTITUTE DEVELOPMENT OF DISTINCTION - WINNER

 

JW Marriott Houston Downtown (2014)

www.marriott.com/hotels/travel/houdj-jw-marriott-houston-downtown

 Summary

Renovation and revitalization of the 1910 Samuel f. Carter Building, the first steel-framed skyscraper in Houston, turning it from a 22-story office building into a first-class hotel. The JW Marriott Houston Downtown, on Main Street in the heart of downtown. Boasting 328 rooms, an art gallery with 18 works by local and international artists and an in-house restaurant, Main Kitchen, which became a downtown dining staple. Total development costs were approximately $100 Million with a market value above $150 Million. Project financing included senior construction financing, mezzanine financing from the City of Houston as well as

 Awards

2015 DRIEHAUS PRESERVATION AWARD - WINNER

2015 GOOD BRICK AWARD - PRESERVATION HOUSTON - WINNER

2015 URBAN LAND INSTITUTE DEVELOPMENT OF DISTINCTION - FINALIST

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