by Sarah J.F. Braley | January 05, 2011

A consensual foreclosure has been completed on the 135-room Hotel Icon in downtown Houston, part of the process of selling the luxury property's debt to Canyon Johnson Urban Funds and Centurion Partners. Renovations will begin soon at the property, whose building was constructed in 1911, including room upgrades, and new TV and technology systems. The  new owners plan to pursue a chain franchise agreement to rebrand the hotel.